Fort Hamilton Parkway Corner
For Sale
Contact for pricing
3818 Fort Hamilton Pkwy, Brooklyn, NY
Mixed-use assemblage near subway with retail and residential units.
Property Size17,300 SF
Lot Size0.04 Acres
Price / SF$364.16
Days on Market809
Property Features for 3818 Fort Hamilton Pkwy
General Information
Standard status
Active
Size
17,300 SF
Lot size
0.04 Acres
Property subtype
MULTIFAMILY
Listing Agency:
Marcus & Millichap | Manhattan
(212) 430-5234
Listed By:
Matt Fotis · License #(S):NY:10301207136
(212) 430-5234
Source:
Moodyscre
Added: May 17, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:01AM
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 Marcus & Millichap | Manhattan
Investment Insights
Based on property information with market context.
The properties located at 3818-3824 Fort Hamilton Parkway & 1071 39th Street in Brooklyn, NY, consist of five three-story mixed-use buildings. The assemblage features five retail units, six two-bedroom apartments, and four three-bedroom apartments. The combined gross square footage is approximately 17,300. The corner retail space offers over 100 feet of dual retail frontage on Fort Hamilton Parkway. The location is near the 'D' subway line, only three subway stops into Manhattan. The properties are zoned M1-2 (Block: 5288, Lots: 49, 50, 51, 52, 55).
Key Highlights
- Prime corner location on Fort Hamilton Parkway with over 100 feet of dual retail frontage.
- Mixed‑use property featuring five retail units and ten residential apartments (6 two‑bedroom, 4 three‑bedroom).
- Excellent transit access: only three subway stops into Manhattan and two blocks to the 'D' subway line.
Financial Insights For Apartment 5plus
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 | $979.9k | $56.64 |
| − Vacancy | −$19.6k | −$1.13 |
| EGI | $960.3k | $55.51 |
| − OpEx | −$432.1k | −$24.98 |
| NOI | $528.2k | $30.53 |
17,300 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$11.85M
$10.37M – $13.83M
NOI $829,614 @ 7.0% cap · market cap 13.17%
Second Best
Mixed Use
$8.97M
$7.85M – $10.47M
NOI $627,990 @ 7.0% cap · market cap 9.97%
Theoretical Best
Specialty Retail
$14.32M
$12.53M – $16.71M
NOI $1,002,708 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,237
Businesses Nearby
130k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 34%
Shops & Services 24%
Hotels & Casinos 3%
Super Foodtown
Groceries
44,026 visits/mo
0.5 miles
McDonald's
Dining
28,023 visits/mo
0.1 miles
Burger King
Dining
17,687 visits/mo
0.5 miles
Shell
Shops & Services
14,972 visits/mo
0.2 miles
Exxon
Shops & Services
8,096 visits/mo
0.3 miles
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use assemblage near subway with retail and residential units.
Where is this mixed-use property located?
The property is located at 3818 Fort Hamilton Pkwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Prime corner location on Fort Hamilton Parkway with over 100 feet of dual retail frontage.; Mixed‑use property featuring five retail units and ten residential apartments (6 two‑bedroom, 4 three‑bedroom).; Excellent transit access: only three subway stops into Manhattan and two blocks to the 'D' subway line.
