3818-3824 Fort Hamilton Pkwy Brooklyn, NY 11218
- Retail properties
- 17,300 SF
Current Use by Public Records
- Retail properties
Property Details for 3818-3824 Fort Hamilton Pkwy
- Year built
- 1931
- Property size
- 17,300 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- New York
- State
- New York
- Longitude
- -73.9905
- Latitude
- 40.6432
