Mixed-Use Building with
For Sale
$1,888,888
378 Central Avenue, Brooklyn, NY 11221
Two retail spaces and four residences are complemented by a finished basement with separate storage rooms.
Property Size4,125 SF
Lot Size0.06 Acres
Price / SF$457.91
Days on Market13
Property Features for 378 Central Avenue
General Information
Standard status
Active
Size
4,125 SF
Lot size
0.06 Acres
Property subtype
Residential Income
Zoning
R6
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,668
Amenities
fully finished basement with 4 separate storage rooms
Finished,Full
4
Yes
8
Other
Finished, Full
Public
No
On Street
4125
Building Details
Building Size
4,125 SF
Year Built
1931
Buildings
1
Tenancy
Multi
Listing Agency:
Prospes Real Estate Corp
(516) 703-2918
Listed By:
Aman Deep Sabharwal
Source:
Hedgestonehomes
Added: Oct 20
Changed: Oct 31
Last Checked: Oct 31 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prospes Real Estate Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use building contains two storefronts and four residential units, with approximately 4,125 square feet of interior space. The 25-by-55-foot building sits on a 25-by-100-foot lot and was built in 1931. A finished basement includes four separate storage rooms, and the property is zoned R6. The four-family residential portion can be delivered vacant.
The property is in Brooklyn’s Bushwick neighborhood, near the L and M subway lines, with access to Manhattan and other parts of Brooklyn.
The property is in Brooklyn’s Bushwick neighborhood, near the L and M subway lines, with access to Manhattan and other parts of Brooklyn.
Key Highlights
- Two storefronts and four residential units
- Approximately 4,125 square feet of interior space
- 25‑by‑100‑foot lot; building measures 25 by 55 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,738
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,760
$3.0M
Cap Rate 7%
$2,139,114
$2.1M
Cap Rate 9%
$1,663,756
$1.7M
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$272.3K $66.00/SF
− Vacancy
−$32.7K −$7.92/SF
EGI
$239.6K $58.08/SF
− OpEx
−$89.8K −$21.78/SF
NOI
$149.7K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,994,760
Cap Rate 7%
$2,139,114
Cap Rate 9%
$1,663,756
Alternative Uses
Best Use
Retail
$2.83M
$2.47M – $3.30M
NOI $197,813 @ 7.0% cap · market cap 10.47%
Second Best
Mixed Use
$2.14M
$1.87M – $2.50M
NOI $149,738 @ 7.0% cap · market cap 7.93%
Theoretical Best
Specialty Retail
$3.42M
$2.99M – $3.98M
NOI $239,085 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail spaces and four residences are complemented by a finished basement with separate storage rooms.
Where is this mixed-use property located?
The property is located at 378 Central Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Two storefronts and four residential units; Approximately 4,125 square feet of interior space; 25‑by‑100‑foot lot; building measures 25 by 55 feet
