Listed by Cushman & Wakefield New York, Cushman & Wakefield
$2,100,000
368 Central Avenue
Details
APN 3323-41
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 4,875
Occupancy 28.57%
Tenancy Multi
Price per SqFt $410
Year Built 1931
Stories 3
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Value Add
Ground Lease No
Value-Add Mixed Use | 4,875 SqFt
Marketing description
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
Investment highlights
- All 5 apartments vacant at close
- Retail on MTM leases (option to be delivered with signed leases)
- Subway access at Knickerbocker Ave (M) and Halsey Street (J) and Myrtle-Wyckoff (M, L) trains
- Protected Tax Class 2B
- Low annual taxes of $10,147
- Gas boiler
Listing Contacts
Listed by Cushman & Wakefield New York, Cushman & Wakefield
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