368 Central Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11221- Bushwick
$2,100,000 USD
309-210-5330
368 Central Ave, Brooklyn, NY for Sale
$2,100,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

NEW


368 Central Ave
Brooklyn, NY 11221
Bushwick


HIGHLIGHTS

  • All five residential apartments will be delivered vacant at closing.
  • Two retail spaces on month-to-month leases with option for delivery vacant or with signed leases.
  • Located near multiple subway lines, including M, L, and J trains, providing access across Brooklyn and Manhattan.
  • Protected Tax Class 2B status, keeping annual property taxes low.
  • R6 zoning allowing potential for additional development under current FAR.
  • Close to national retailers, neighborhood amenities, and cultural attractions within a high-demand Brooklyn corridor.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6, Brooklyn, (S5)

APN/PARCEL ID

03323-0041

ASK ABOUT THIS PROPERTY

Nick KolbusCushman & WakefieldMore Info
309-210-5330

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Nick KolbusCushman & WakefieldMore Info
309-210-5330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.