3818-3824 Fort Hamilton PkwyBrooklyn, NY 11218

For Sale
$6,700,000

Five buildings, 15 units, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a portfolio of five meticulously renovated mixed-use buildings situated at a prime corner location in Brooklyn, New York. The assemblage comprises approximately 17,300 square feet across five three-story structures, boasting a total of 15 units: five retail spaces and ten residential apartments (six two-bedroom and four three-bedroom). Currently operating at 100% occupancy, this property generates a substantial net operating income (NOI) of $376,925, representing a compelling 5.63% capitalization rate. The asking price is $6,700,000, translating to $387.28 per square foot. Built in 1931, these buildings benefit from recent gut renovations completed within the past eight years. The property features over 100 feet of desirable retail frontage along Fort Hamilton Parkway, providing excellent visibility and accessibility. The zoning designation is M1-2, and the lot size encompasses 8,262 square feet. Tenants are responsible for their heating and hot water expenses. The convenient location offers easy access to public transportation, including proximity to the "D" subway line, and is a short distance from Prospect Park. This assemblage presents a rare chance to acquire a well-maintained, high-performing mixed-use portfolio in a thriving Brooklyn neighborhood. The fee simple ownership provides complete control and potential for future appreciation.

Highlights

  • Prime corner mixed-use assemblage on Fort Hamilton Parkway.
  • Excellent Manhattan access: three subway stops to Midtown.
  • High-visibility retail space: over 100 feet of frontage on Fort Hamilton Parkway.
  • Recently renovated: buildings gut-renovated within the last eight years.
  • Ten free-market rental apartments.
  • Tenant-paid utilities: heating and hot water.

Property Details for 3818-3824 Fort Hamilton Pkwy

Property type
Other retail properties, Multifamily properties
Square Feet
17,300 SF
Year Built
1931
Buildings
5
Stories
3
Units
15

Location Insight

City
Brooklyn
County
New York
State
New York
Latitude
40.643228107003
Longitude
-73.990535101971
3818-3824 Fort Hamilton Pkwy, Brooklyn, New York

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3818-3824 Fort Hamilton Pkwy
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