Active
  • $2,000,000

    378 Central Ave, Brooklyn, NY 11221

    8beds
    4,125sqft
    Mixed Use
    Built in 1931
    -- sqft lot
    $-- Zestimate®
    $485/sqft
    $-- HOA

    What's special

    FOR SALE | Prime Mixed-Use + Development Opportunity in Bushwick 378 Central Avenue, Brooklyn, NY 11221 4 Free Market Apartments + 2 Retail Stores | 6,075 Buildable SF | Seller Financing Considered Unlock the full potential of 378 Central Avenue, a rarely available Bushwick mixed-use building offering immediate income, flexible tenancy, and valuable development upside in one of Brooklyn’s most rapidly appreciating corridors. Featuring 4 free market residential units, 2 ground-floor retail spaces, and 6,075 buildable square feet (verify with architect), this is an ideal acquisition for investors, end-users, or developers looking to generate income today while positioning for growth tomorrow. PROPERTY OVERVIEW: Asset Type: Mixed-Use Building Configuration: 4 Residential Units + 2 Ground-Floor Retail Stores Residential Status: All Free Market, Month-to-Month – No Rent Regulation Lot Size: Approx. 2,500 SF Zoning: R6 / Total Buildable SF: Approx. 6,075 BSF (subject to verification) Location: Between Hancock St & Weirfield St in the heart of Bushwick INVESTMENT HIGHLIGHTS: Free Market Apartments – Fully unregulated units with true market rent potential Month-to-Month Tenancies – Maximize flexibility to reposition and renovate Established Retail Tenants – Street-level storefronts with high visibility and foot traffic 6,075 BSF Development Potential – Expand, reposition, or redevelop (check feasibility with your architect) High-Demand Submarket – Bushwick continues to lead Brooklyn in rent growth and investment volume Value-Add Play – Increase income through upgrades, re-leasing, or future redevelopment SELLER FINANCING CONSIDERED In today’s lending environment, seller financing can give qualified buyers a unique edge. The current owner is open to negotiating creative, flexible terms that reduce acquisition friction and preserve buyer capital—a rare offer in today’s market. LOCATION, LOCATION, LOCATION – CENTRAL AVENUE, BUSHWICK Bushwick has transformed into one of NYC’s most sought-after neighborhoods for artists, creatives, and young professionals. With a constant influx of new residents, trendy retailers, and dining destinations, demand for both residential and commercial space continues to surge. 378 Central Ave is steps from the J train at Halsey Street and surrounded by established and emerging businesses. It sits at the epicenter of growth, making it an excellent choice for both long-term hold and short-term value creation. BROKER'S TAKE – 20+ YEARS OF DEALMAKING PERSPECTIVE As a veteran of New York City commercial real estate, I’ve learned that the best deals combine in-place income with long-term upside—and 378 Central Avenue delivers both. Between the free market apartments, the retail income, the 6,075 buildable square feet, and the potential for seller financing, this property offers strategic optionality no matter your investment horizon. These are the types of deals that anchor portfolios, create legacy wealth, and position buyers for maximum flexibility in a rapidly evolving market. INQUIRE TODAY – FINANCIALS & TOURS AVAILABLE UPON REQUEST This is a rare opportunity to acquire a high-performing asset with built-in upside in one of Brooklyn’s hottest zip codes. Contact us today to: Request the Offering Memorandum & Rent Roll Schedule a Private Tour Discuss Seller Financing Terms Explore the Development Potential with Your Architect
    41 days
    |
    174
    |
    4
    |
    • Loading
    • Loading