Mixed-Use Residential and Retail
378 Central Avenue Brooklyn, NY 11221
New
For Sale
$1,780,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,125 SF
Lot Size0.06 Acres
Price / SF$431.52
Days on Market1
Property Features for 378 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 7, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 8, Bathroom 1, Basement, Bedroom 5, Bathroom 4, Bedroom 4, Bathroom 2
Parking features
On Street
Basement
Finished, Full
Standard status
Active
APN
03332-0035
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
11668
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1931
Number of units
4
Building materials
Frame
Listing Agency:
Prospes Real Estate Corp
(718) 321-2800
Listed By:
Huanyan Li
(347) 885-8668
Added: Jul 29
Last Checked: Jul 29 at 11:06PM
MLS# 1031849
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes two storefront spaces and four residential units within a building sized approximately 25 feet by 55 feet. The lot measures approximately 25 feet by 100 feet, and the building features a fully finished basement with four separate storage rooms.
The property is located at 378 Central Avenue in Brooklyn’s Bushwick area, with access to the L and M subway lines for travel to Manhattan and other parts of Brooklyn.
Zoned R6, the building offers a combined residential and retail setup, supported by dedicated basement storage for the existing configuration.
The property is located at 378 Central Avenue in Brooklyn’s Bushwick area, with access to the L and M subway lines for travel to Manhattan and other parts of Brooklyn.
Zoned R6, the building offers a combined residential and retail setup, supported by dedicated basement storage for the existing configuration.
Key Highlights
- Mixed‑use building with 2 storefronts and 4 residential units
- Lot size 25 ft x 100 ft and building size 25 ft x 55 ft; approx. 4,125 sq ft interior space
- R6 zoning; built in 1931
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.4k | $51.00 |
| − Vacancy | −$4.0k | −$0.97 |
| EGI | $206.4k | $50.03 |
| − OpEx | −$61.9k | −$15.01 |
| NOI | $144.5k | $35.02 |
4,125 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.83M
$2.47M – $3.30M
NOI $197,813 @ 7.0% cap · market cap 11.11%
Second Best
Multifamily LT 5
$2.06M
$1.81M – $2.41M
NOI $144,465 @ 7.0% cap · market cap 8.12%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.98M
NOI $239,085 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use building with two storefronts, four residential units, and a fully finished basement with four storage rooms.
Where is this quadplex located?
The property is located at 378 Central Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Mixed‑use building with 2 storefronts and 4 residential units; Lot size 25 ft x 100 ft and building size 25 ft x 55 ft; approx. 4,125 sq ft interior space; R6 zoning; built in 1931
