Current Use by Public Records
- Win For Life Deli & Grocery / Grocery & Convenience Store / Food Market
Property Details for 382 Avenue P
- Year built
- 1927
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a three-story, semi-detached multifamily property located at 382 Avenue P in Brooklyn, New York, 11204. Built in 1927 and renovated in 2001, this property boasts 4,446 square feet situated on a 1,800 square foot lot. The building comprises six units: five residential units and a ground-floor commercial storefront currently operating as a convenience store under a lease extending to 2029. The property enjoys 100% occupancy, generating a net operating income (NOI) of $107,373, with a gross potential income of $136,800 annually. The asking price is $1,990,000, representing a price per square foot of $447.59 and a price per unit of $331,667. The property features a full, unfinished basement with potential for additional lease income. Its R4-1 zoning designation allows for a variety of uses. The convenient Bensonhurst location offers easy access to public transportation, including the F and N subway lines and several bus routes (B82, B82-SBS, B9, B1, and B68). Nearby amenities include Santander Bank, P.C. Richard & Son, and various other businesses. This property represents a stable, high-yield investment opportunity in a desirable Brooklyn neighborhood.
Value Estimations
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AI approach
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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
- Kings
- State
- New York
- Longitude
- -73.9735
- Latitude
- 40.6085
