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3818-3824 Fort Hamilton Pkwy Brooklyn, NY 11218

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For Sale
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Five buildings, 15 units, high occupancy.

Property size:
17,300 SF

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

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Listing Contact
Matthew Fotis
Matthew Fotis

Listing Agency: Marcus & Millichap Manhattan Listing Agent: Matthew Fotis

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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

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 Call to check price and availability
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