ArianaGibbs
MLS#1041643
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 19
Property Description
Perfect-here's a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn-this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn's steadily growing neighborhoods.
Property Features
Property Type: Commercial -
Basement: Full
Basement: Yes
Cooling: Multi Units
Heating: Oil
Lot Size: 0.11 Acres
Taxes: $89,156
Year Built: 1927
Feature Descriptions
Building Area Total: 18000
Days on Site: 3
Exterior: Brick
On Market Date: 2026-08-21
Parcel Number: 04164-0038
Parking Features: On Street
Rental Term: Monthly
Sewer: Public Sewer
Units: 25
Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Water: Public
Local Schools
School District: Brooklyn 19
Listed By / Shown By
Listing By
Agency Name: EXIT Realty Central
Agency Contact: 718-848-5900
Shown By
Agent Name: Ariana Gibbs
Agent Phone: (718) 206-1340
Agency Title: Coldwell Banker American Homes
CONTACT ME
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380 Crescent Street | MLS# 1041643
This commercial property located at 380 Crescent Street , Brooklyn, NY 11208 is currently listed for sale with an asking price of $6,500,000. Crescent Street is located within the Brooklyn 19 school district. Search Brooklyn real estate on arianagibbs.cbamhomes.com today.