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382 Ave P 4,560 SF 100% Leased Retail Building Brooklyn, NY 11204 $1,890,000 ($414.47/SF) 6.02% Cap Rate
Investment Highlights
- This semi-detached multi-family property in Bensonhurst features 5 residential units and a commercial storefront,generate a strong rental income!
- Located near Kings Highway, this property offers easy access to public transportation including the F and N subway lines and several bus routes.
- Proximity to Amenities: Surrounded by national businesses like Santander Bank, P.C. Richard & Son, and multiple restaurants?.
- High Rental Income: With current rent rolls $136,800 annually, the property offers stable cash flow.
- No Major Upgrades Needed: The building is in good condition with a full, unfinished basement that can be leased out for additional income.
Executive Summary
Discover a prime real estate investment opportunity at 382 Avenue P, Brooklyn, NY 11204. This semi-detached multi-family property, built in 1927, offers 5 residential units and a commercial storefront. With a total building size of 4,446 sq. ft., this property is perfect for investors seeking steady rental income in the desirable Bensonhurst neighborhood.
Key features include a long-term commercial tenant with a lease until 2029, gross income potential of $142,800 per year, and net income of $113,800. The property also includes a full, unfinished basement available for lease.
CALL FOR MORE INFORMATION ! 917-544-8520
Key features include a long-term commercial tenant with a lease until 2029, gross income potential of $142,800 per year, and net income of $113,800. The property also includes a full, unfinished basement available for lease.
CALL FOR MORE INFORMATION ! 917-544-8520
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$136,800
|
$30.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$136,800
|
$30.00
|
| Taxes |
$18,657
|
$4.09
|
| Operating Expenses |
$10,800
|
$2.37
|
| Total Expenses |
$29,457
|
$6.46
|
| Net Operating Income |
$107,343
|
$23.54
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $136,800 |
| Annual Per SF | $30.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $136,800 |
| Annual Per SF | $30.00 |
| Taxes | |
|---|---|
| Annual | $18,657 |
| Annual Per SF | $4.09 |
| Operating Expenses | |
|---|---|
| Annual | $10,800 |
| Annual Per SF | $2.37 |
| Total Expenses | |
|---|---|
| Annual | $29,457 |
| Annual Per SF | $6.46 |
| Net Operating Income | |
|---|---|
| Annual | $107,343 |
| Annual Per SF | $23.54 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,560 SF
Building Class
C
Year Built
1927
Price
$1,890,000
Price Per SF
$414.47
Cap Rate
6.02%
NOI
$113,800
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.62
Lot Size
0.04 AC
Zoning
C8-2 - R4-1
Frontage
20’ on Avenue P
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06632-0006 | Total Assessment | $394,650 (2025) |
| Land Assessment | $5,400 (2025) | Annual Taxes | $18,657 ($4.09/SF) |
| Improvements Assessment | $389,250 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
06632-0006
Land Assessment
$5,400 (2025)
Improvements Assessment
$389,250 (2025)
Total Assessment
$394,650 (2025)
Annual Taxes
$18,657 ($4.09/SF)
Tax Year
2023
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