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    3818-3824 Fort Hamilton Pkwy Brooklyn, NY 11218

    Sponsored
    For Sale
    $6,700,000

    Five buildings, 15 units, high occupancy.

    Property size:
    17,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a portfolio of five meticulously renovated mixed-use buildings situated at a prime corner location in Brooklyn, New York. The assemblage comprises approximately 17,300 square feet across five three-story structures, boasting a total of 15 units: five retail spaces and ten residential apartments (six two-bedroom and four three-bedroom). Currently operating at 100% occupancy, this property generates a substantial net operating income (NOI) of $376,925, representing a compelling 5.63% capitalization rate. The asking price is $6,700,000, translating to $387.28 per square foot. Built in 1931, these buildings benefit from recent gut renovations completed within the past eight years. The property features over 100 feet of desirable retail frontage along Fort Hamilton Parkway, providing excellent visibility and accessibility. The zoning designation is M1-2, and the lot size encompasses 8,262 square feet. Tenants are responsible for their heating and hot water expenses. The convenient location offers easy access to public transportation, including proximity to the "D" subway line, and is a short distance from Prospect Park. This assemblage presents a rare chance to acquire a well-maintained, high-performing mixed-use portfolio in a thriving Brooklyn neighborhood. The fee simple ownership provides complete control and potential for future appreciation.

    Property Features for 3818-3824 Fort Hamilton Pkwy

    General Information

    Property type
    Multifamily properties
    Square Feet
    17,300 SF

    Building Details

    Year Built
    1931
    Buildings
    5
    Stories
    3
    Units
    15

    HighLights

    • Prime corner mixed‑use assemblage on Fort Hamilton Parkway.
    • Excellent Manhattan access: three subway stops to Midtown.
    • High‑visibility retail space: over 100 feet of frontage on Fort Hamilton Parkway.
    • Recently renovated: buildings gut‑renovated within the last eight years.
    • Ten free‑market rental apartments.
    • Tenant‑paid utilities: heating and hot water.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    New York
    State
    New York
    Longitude
    -73.990535101971
    Latitude
    40.643228107003

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    FAQs

    What type of property is this?
    Multifamily property - Five buildings, 15 units, high occupancy.
    Where is this multifamily property located?
    The property is located at 3818-3824 Fort Hamilton Pkwy Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $6,700,000.
    What are key features of this property?
    This property features: Prime corner mixed-use assemblage on Fort Hamilton Parkway.; Excellent Manhattan access: three subway stops to Midtown.; High-visibility retail space: over 100 feet of frontage on Fort Hamilton Parkway.
    (212) 430-5234
    Request Owner's contact information
    3818-3824 Fort Hamilton Pkwy Brooklyn, NY 11218
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3818-3824 Fort Hamilton Pkwy Brooklyn, NY 11218
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