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382 Ave P

4,560 SF 100% Leased Retail Building Brooklyn, NY 11204 £1,493,119 (£327/SF) 6.02% Net Initial Yield

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Investment Highlights

This semi-detached multi-family property in Bensonhurst features 5 residential units and a commercial storefront,generate a strong rental income!
Located near Kings Highway, this property offers easy access to public transportation including the F and N subway lines and several bus routes.
Proximity to Amenities: Surrounded by national businesses like Santander Bank, P.C. Richard & Son, and multiple restaurants?.

High Rental Income: With current rent rolls $136,800 annually, the property offers stable cash flow.
No Major Upgrades Needed: The building is in good condition with a full, unfinished basement that can be leased out for additional income.

Executive Summary

Discover a prime real estate investment opportunity at 382 Avenue P, Brooklyn, NY 11204. This semi-detached multi-family property, built in 1927, offers 5 residential units and a commercial storefront. With a total building size of 4,446 sq. ft., this property is perfect for investors seeking steady rental income in the desirable Bensonhurst neighborhood.
Key features include a long-term commercial tenant with a lease until 2029, gross income potential of $142,800 per year, and net income of $113,800. The property also includes a full, unfinished basement available for lease.
CALL FOR MORE INFORMATION ! 917-544-8520

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£107,935	£23.67
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£107,935	£23.67
Taxes	£14,720	£3.23
Operating Expenses	£8,521	£1.87
Total Expenses	£23,242	£5.10
Net Operating Income	£84,694	£18.57

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£107,935
Annual Per SF	£23.67

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£107,935
Annual Per SF	£23.67

Taxes
Annual	£14,720
Annual Per SF	£3.23

Operating Expenses
Annual	£8,521
Annual Per SF	£1.87

Total Expenses
Annual	£23,242
Annual Per SF	£5.10

Net Operating Income
Annual	£84,694
Annual Per SF	£18.57

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

4,560 SF

Building Class

Year Built

1927

Price

£1,493,119

Price Per SF

£327

Net Initial Yield

6.02%

NOI

£89,903

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

2.62

Land Acres

0.04 AC

Zoning

C8-2 - R4-1

Frontage

20 ft on Avenue P

1 of 1

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Walk Score ®

Walker's Paradise (94)

Transit Score ®

Rider's Paradise (91)

Bike Score ®

Very Bikeable (71)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	06632-0006	Total Assessment	£259,542 (2024)
Land Assessment	£4,261 (2024)	Annual Taxes	£14,720 (£3.23/sf)
Improvements Assessment	£255,281 (2024)	Tax Year	2023