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378 Central Ave
Brooklyn, NY 11221 Bushwick

$1,950,000 USD

Storefront Retail Residential For Sale  •  4,125 SF

Property Details

• Property Type Storefront Retail Residential
• Total Building Size 4,125 SF
• Lot Size 0.06 AC
• Building Class C
• Year Built 1931
• Cap Rate 8.00 %
• Tenancy Multiple
• Zoning R6

100 Transit Score

86 Walk Score

Highlights

Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.

Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.

Available Air Rights: There are roughly 1,375 available air rights for future expansion, development, or disposition.

Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.

Transit-Oriented Location: Just two to four blocks from J, Z, M and L train, providing direct access to Williamsburg, Manhattan, and beyond.

Cap Rate:

8.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Ley Salon
Princesitas Bakery & Pastry Shop
VN Buy & Sale

Amenities

• Bus Line
• Commuter Rail
• Security System
• Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	5 min	-	2.0 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	9 min	-	2.5 mi
Transit/Subway	Drive	Walk	Distance
Gates Avenue (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	2 min	8 min	0.4 mi
Knickerbocker Avenue (M Line) (M - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Myrtle-Wyckoff Avenues (L - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	2 min	10 min	0.5 mi
Central Avenue (M - New York MTA Subway (The Subway))	3 min	10 min	0.5 mi
Halsey Street (J Line) (J - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	18 min	-	7.8 mi
John F Kennedy International	21 min	-	9.8 mi
Newark Liberty International	33 min	-	17.5 mi