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382 Ave P
Brooklyn, NY 11204

$1,890,000 USD

Storefront Retail Residential For Sale  •  4,560 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 4,560 SF
  • Lot Size 0.04 AC
  • Building Class C
  • Year Built 1927
  • Cap Rate 6.02 %
  • Tenancy Multiple
  • Zoning C8-2
91 Transit Score
94 Walk Score

Highlights

This semi-detached multi-family property in Bensonhurst features 5 residential units and a commercial storefront,generate a strong rental income!
High Rental Income: With current rent rolls $136,800 annually, the property offers stable cash flow.
Located near Kings Highway, this property offers easy access to public transportation including the F and N subway lines and several bus routes.
No Major Upgrades Needed: The building is in good condition with a full, unfinished basement that can be leased out for additional income.
Proximity to Amenities: Surrounded by national businesses like Santander Bank, P.C. Richard & Son, and multiple restaurants?.

Financial Summary (Actual)

Net Operating Income: $107,343 USD (2023)
Cap Rate: 6.02 %
Total Expenses: $29,457 USD

Public Transportation

Commuter RailDriveWalkDistance
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) 14 min - 6.2 mi
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 13 min - 6.3 mi
Transit/SubwayDriveWalkDistance
Avenue P (F - New York MTA Subway (The Subway)) 0 min 0 min 0.0 mi
Kings Highway (F Line) (F - New York MTA Subway (The Subway)) 0 min 8 min 0.4 mi
Avenue N (F - New York MTA Subway (The Subway)) 1 min 9 min 0.5 mi
Bay Parkway (N Line) (N - New York MTA Subway (The Subway)) 1 min 11 min 0.6 mi
Kings Highway (N Line) (N - New York MTA Subway (The Subway)) 2 min 13 min 0.7 mi
AirportDriveWalkDistance
John F Kennedy International 23 min - 13.8 mi
Laguardia 30 min - 17.2 mi
Newark Liberty International 34 min - 20.7 mi
Alexander Plotkin 917-544-8520 EXP Realty BKNY
Alexander Plotkin 917-544-8520 EXP Realty BKNY