$1,479,000
Updated 8 years ago
Off Market

388 Central Ave

Bushwick, Brooklyn | Linden Street & Gates Ave

14 Rooms8 Beds3 Baths3,600 Square FeetMixed Use

$1,479,000
floors / apts3 / 2
Lot Size20'x100'
Built Size20'x60'
Building TypeLow-Rise
RE Taxes$7,424
Price Per SF
$411

Building Amenities

  • Elevator

Property Description for 388 Central Ave

388 CENTRAL AVE - MIXED USE BUILDING IN PRIME BUSHWICK. THE STORE HAS A 7 YEAR LEASE AND IS PAYING $2,500 PER MONTH. THERE ARE 2 RESIDENTIAL APARTMENTS THAT EACH HAVE 4 BEDROOMS. RESIDENTIAL TENANTS ARE PAYING $2,000 PER MONTH PLUS GAS AND ELECTRIC. THERE ARE NO LEASES FOR THE RESIDENTIAL APARTMENTS AND THEY CAN BE VACATED UPON REQUESTED. THIS BUILDING WAS RENOVATED INSIDE AND OUT A FEW YEARS AGO. ASKING PRICE IS $1,599,000. THE EXPENSES ARE AS FOLLOWS TAXES - $8500/YR. WATER $3200. FUEL $2500. INSURANCE $2000. R6 ZONING - FAR OF 3, POTENTIAL TO EXTEND.

Building Details for 388 Central Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
Year Built1931
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

Knickerbocker Av
0.34 miles
Gates Av
0.38 miles
Myrtle-Wyckoff Avs
0.48 miles

Citi Bike

Central Ave & Woodbine St
0.12 miles
Menahan St & Central Ave
0.13 miles

Contact Agent

Contact Agent

Jack Sardar
Madison Estates

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 69364TH