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382 Ave P 4,560 SF 100% Leased Retail Building Brooklyn, NY 11204 $2,588,752 CAD ($567.71 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,376
|
$41.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$187,376
|
$41.09
|
| Taxes |
$25,555
|
$5.60
|
| Operating Expenses |
$14,793
|
$3.24
|
| Total Expenses |
$40,348
|
$8.85
|
| Net Operating Income |
$147,029
|
$32.24
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,376 |
| Annual Per SF | $41.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $187,376 |
| Annual Per SF | $41.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,555 |
| Annual Per SF | $5.60 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $14,793 |
| Annual Per SF | $3.24 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,348 |
| Annual Per SF | $8.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $147,029 |
| Annual Per SF | $32.24 |
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
$2,588,752 CAD
Price Per SF
$567.71 CAD
Cap Rate
6.02%
NOI
$155,873 CAD
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 | $540,556 CAD (2025) |
| Land Assessment | $7,396 CAD (2025) | Annual Taxes | $25,555 CAD ($5.60 CAD/SF) |
| Improvements Assessment | $533,160 CAD (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
06632-0006
Land Assessment
$7,396 CAD (2025)
Improvements Assessment
$533,160 CAD (2025)
Total Assessment
$540,556 CAD (2025)
Annual Taxes
$25,555 CAD ($5.60 CAD/SF)
Tax Year
2023
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