THE OPPORTUNITY
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 378 Central Avenue (the "Property").
The Property is 25' wide tax class 2A protected, and comprised of four (4) residential units + two (2 )retail spaces across 4,125SF, located between Linden & Gates Ave in Bushwick, Brooklyn. The free-market railroad-style apartments are leased significantly below market rate and there are no leases in place allowing for quickly achievable/substantial upside. The right-side retail unit will be delivered vacant at closing giving the option to rent out the space or use for personal use. 378 Central Avenue is centrally located in the neighborhood with quick access to every train line.
Off market
$1,420,400
378 Central Ave #BLD, Brooklyn, NY 11221
4beds
4,125sqft
MultiFamily
Built in 1931
-- sqft lot
$1,420,400 Zestimate®
$344/sqft
$4,353 Estimated rent