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