378 Central Ave | Multifamily Investment Opportunity

$1,950,000

378 Central Avenue, Brooklyn, NY 11221

For Sale

Multifamily Unknown Sub Type

Active

Last Updated: 12/09/2025

NOI: $116,813

Pro Forma Cap Rate : 8%

Building Size: 4,125 sqft

Value-Add Opportunity: There is significant upside in the rent roll that can be unlocked via renovations.
Fully Free-Market: The property is fully free market, allowing future ownership to capitalize on neighborhood improvement.
Available Air Rights: There are roughly 1,375 available air rights for future expansion, development, or disposition.
Tax Class Protection: Designated as a 2A Tax Class property, capping tax increases at 8% annually or 30% over five years.
Transit-Oriented Location: Just two to four blocks from J, Z, M and L train, providing direct access to Williamsburg, Manhattan, and beyond.

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