Log In/Sign Up
Your email has been sent.
378 Central Ave 4,125 SF 100% Leased Retail Building Brooklyn, NY 11221 $2,630,414 CAD ($637.68 CAD/SF) 8% Cap Rate
Investment Highlights
- Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.
- Available Air Rights: There are roughly 1,375 available air rights for future expansion, development, or disposition.
- Transit-Oriented Location: Just two to four blocks from J, Z, M and L train, providing direct access to Williamsburg, Manhattan, and beyond.
- Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
- Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,125 SF
Building Class
C
Year Built
1931
Price
$2,630,414 CAD
Price Per SF
$637.68 CAD
Cap Rate
8%
NOI
$210,433 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.65
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R6 - Medium-density residential district, typically found in Brooklyn, Queens, and the Bronx, that allows for multi-family apartment buildings and includes a mix of building types.
Frontage
Amenities
- Bus Line
- Commuter Rail
- Security System
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ley Salon
- Services
- -
- -
- -
- Princesitas Bakery & Pastry Shop
- Retailer
- -
- -
- -
- VN Buy & Sale
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ley Salon | Services | - | - | - | ||
| Princesitas Bakery & Pastry Shop | Retailer | - | - | - | ||
| VN Buy & Sale | Services | - | - | - |
Walk Score®
Very Walkable (86)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03332-0035 | Improvements Assessment | $535,928 CAD |
| Land Assessment | $6,239 CAD | Total Assessment | $542,167 CAD |
Property Taxes
Parcel Number
03332-0035
Land Assessment
$6,239 CAD
Improvements Assessment
$535,928 CAD
Total Assessment
$542,167 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
378 Central Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.