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Mixed-Use

3818-3824 Ft Hamilton Parkway & 1071 39th Street

3818 Fort Hamilton Pkwy, Brooklyn, NY 11219

Listing Price: $6,700,000

Cap Rate
5.81%
Number of Units
15
Occupancy
1.0%
Price/Unit
$446,667
Price/Gross SF
$387.28
Gross SF
17,300

Investment Overview

Marcus & Millichap is pleased to offer 3818-3824 Ft. Hamilton Parkway & 1071 39th Street, located on the corner of Ft. Hamilton Parkway and 39th Street in the Borough Park section of Brooklyn, New York. The subject properties, 3818-3824 Ft. Hamilton Parkway & 1071 39th Street, are five three-story mixed-use buildings that consist of five retail units, 6 two-bedroom, and 4 three-bedroom apartments with approximately 17,300 combined gross square feet. The properties are zoned M1-2 (Block: 5288, Lots: 49, 50, 51, 52, 55). 3818 Ft. Hamilton Pkwy is built full to the lot, 19.31 by 89 feet on the first floor and 19.31 by 52 feet on the second and third floors. 3820 Ft. Hamilton Pkwy is built full to the lot, 17.95 by 85.50 feet on the first floor and 17.96 by 50 feet on the second and third floors. 3822 Ft. Hamilton Pkwy is built full to the lot, 18.29 by 82.50 feet on the first floor and 18.29 by 50 feet on the second and third floors. 3824 Ft. Hamilton Pkwy is built full to the lot, 21.53 by 78.50 feet on the first floor and 21.53 by 51.50 feet on the second and third floors. 1071 39th Street is built 20 by 50 feet on the first through third floors. This property offers investors the rare opportunity to purchase five gut renovated, corner mixed use buildings with over 100 feet of retail frontage and free market apartments located at a busy intersection on Fort Hamilton Parkway in the Borough Park section of Brooklyn, New York.

Investment Highlights

  • Fort Hamilton Parkway Corner Five Building Mixed Use Assemblage
  • Only Three Subway Stops into Manhattan | Two Blocks to "D" Subway Line
  • Corner Retail | Over 100 Feet of Dual Retail Frontage on Fort Hamilton Parkway & 39th Street
  • Buildings Gut Renovated Within Past Eight Years
  • Ten Free Market Apartments
  • Tenants Responsible for Heating/Hot Water Expense

Exclusively Listed By

Mixed-Use

3818-3824 Ft Hamilton Parkway & 1071 39th Street

Listing Price: $6,700,000

Cap Rate
5.81%
Number of Units
15
Occupancy
1.0%
Price/Unit
$446,667
Price/Gross SF
$387.28
Gross SF
17,300

Investment Highlights

  • Fort Hamilton Parkway Corner Five Building Mixed Use Assemblage
  • Only Three Subway Stops into Manhattan | Two Blocks to "D" Subway Line
  • Corner Retail | Over 100 Feet of Dual Retail Frontage on Fort Hamilton Parkway & 39th Street
  • Buildings Gut Renovated Within Past Eight Years
  • Ten Free Market Apartments
  • Tenants Responsible for Heating/Hot Water Expense

Investment Overview

Marcus & Millichap is pleased to offer 3818-3824 Ft. Hamilton Parkway & 1071 39th Street, located on the corner of Ft. Hamilton Parkway and 39th Street in the Borough Park section of Brooklyn, New York. The subject properties, 3818-3824 Ft. Hamilton Parkway & 1071 39th Street, are five three-story mixed-use buildings that consist of five retail units, 6 two-bedroom, and 4 three-bedroom apartments with approximately 17,300 combined gross square feet. The properties are zoned M1-2 (Block: 5288, Lots: 49, 50, 51, 52, 55). 3818 Ft. Hamilton Pkwy is built full to the lot, 19.31 by 89 feet on the first floor and 19.31 by 52 feet on the second and third floors. 3820 Ft. Hamilton Pkwy is built full to the lot, 17.95 by 85.50 feet on the first floor and 17.96 by 50 feet on the second and third floors. 3822 Ft. Hamilton Pkwy is built full to the lot, 18.29 by 82.50 feet on the first floor and 18.29 by 50 feet on the second and third floors. 3824 Ft. Hamilton Pkwy is built full to the lot, 21.53 by 78.50 feet on the first floor and 21.53 by 51.50 feet on the second and third floors. 1071 39th Street is built 20 by 50 feet on the first through third floors. This property offers investors the rare opportunity to purchase five gut renovated, corner mixed use buildings with over 100 feet of retail frontage and free market apartments located at a busy intersection on Fort Hamilton Parkway in the Borough Park section of Brooklyn, New York.

Exclusively Listed By

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