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- LoopNet Team
378 Central Ave
Brooklyn, NY 11221
Retail Property For Sale
Investment Highlights
- Calling All Investors, Developers & End-Users!!!
- The Property Features (4) 2-3 Bedroom Free Market Apartments & 2 Stores
- Net Operating Income: $129,862 (6.53 Cap!!!)
- 6 Unit 4,125 Sqft. FREE MARKET Mixed-Use Building For Sale Offered At A 6.53 Cap!!!
- Large Paved Rear Yard
Property Facts
Amenities
- Bus Line
- Commuter Rail
- Security System
- Storage Space
About 378 CENTRAL AVE , BROOKLYN, NY 11221
Calling All Investors, Developers & End-Users!!! 6 Unit 4,125 Sqft. FREE MARKET Mixed-Use Building For Sale Offered At A 6.53 Cap!!! The Property Features (4) 2-3 Bedroom Free Market Apartments & 2 Stores. The Property Also Features A Large Paved Rear Yard. Income: 2L (3 Br): $26,400 (M-M) 3L: $29,400 (M-M) 3R: $18,000 (Super); Lease Ends 3/22/2020 2R: $19,200 Lease Exp. 9/11/2020 Beauty Salon: $30,000 (Lease Exp. 6/1/26); Rent Is Flat For The 1st 3 Years Then 5% Annual Increase. Right Store: $20,160 1/31/20-1/31/2028 Storage: $16,800 Gross Income: $159,960 Expenses: Gas: $6,146 Electric: $2,373 Maintenance & Repairs: $250 Insurance: $4,599 Property Taxes: $8,165 Water: $8,815 Total Expenses: $30,098 Net Operating Income: $129,862 (6.53 Cap!!!)
Property Taxes
| Parcel Number | 03332-0035 | Improvements Assessment | $386,550 |
| Land Assessment | $4,500 | Total Assessment | $391,050 |
Property Taxes
