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368 Central Ave 4,875 SF 100% Leased Retail Building Brooklyn, NY 11221 $2,100,000 ($430.77/SF)
Executive Summary
Cushman & Wakefield is pleased to offer exclusively to market 368 Central Avenue, in Bushwick, Brooklyn. With 4,875 SF of built space, the mixed-use building with be delivered with all 5 residential units VACANT at closing. The property consists of five (5) apartments, four two (2) bedroom one (1) bath units and one studio unit.
Both retail spaces are on month-to-month leases (occupied by a salon and barber shop) and can be delivered vacant for an end-user or pocket tenant. The property benefits from protected tax class 2B status and is zoned R6, allowing for 5,500 buildable square feet as-of-right, and 9,750 with the UAP bonus
- All 5 apartments delivered vacant at closing - heavy value-add
- Both Retail on Month-to-Month leases (option to be delivered with signed leases)
- Subway Access at Knickerbocker Ave (M), Halsey Street (J), and Myrtle-Wyckoff (M, L) trains
- Protected Tax Class 2B
- Low Annual Taxes of $10,147
- Gas Boiler
Both retail spaces are on month-to-month leases (occupied by a salon and barber shop) and can be delivered vacant for an end-user or pocket tenant. The property benefits from protected tax class 2B status and is zoned R6, allowing for 5,500 buildable square feet as-of-right, and 9,750 with the UAP bonus
- All 5 apartments delivered vacant at closing - heavy value-add
- Both Retail on Month-to-Month leases (option to be delivered with signed leases)
- Subway Access at Knickerbocker Ave (M), Halsey Street (J), and Myrtle-Wyckoff (M, L) trains
- Protected Tax Class 2B
- Low Annual Taxes of $10,147
- Gas Boiler
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,875 SF
Building Class
C
Year Built
1931
Price
$2,100,000
Price Per SF
$430.77
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.87
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R6, Brooklyn, (S5) - R6 is a medium-density residential zoning district.
Frontage
25’ on Central Ave
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 03323-0041 | Improvements Assessment | $703,800 |
| Land Assessment | $5,400 | Total Assessment | $709,200 |
Property Taxes
Parcel Number
03323-0041
Land Assessment
$5,400
Improvements Assessment
$703,800
Total Assessment
$709,200
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