3818-3824 Ft Hamilton Parkway & 1071 39th Street

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Address: 3818-3824 Ft Hamilton Parkway & 1071 39t, Brooklyn, New York, US
Created date: January 6, 2020
Date last updated: March 26, 2024
  • Fort Hamilton Parkway Corner 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
  • Buildings Gut Renovated Within Past 8 Years
  • Ten Free Market Apartments
  • Tenants Responsible for Heating/Hot Water Expense
  • Attractive Unit Mix
  • Short Walk to Prospect Park

Property Description

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 thirdfloors.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 thirdfloors.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 thirdfloors.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 andthird 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.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Mixed-Use
Price: $6,700,000
No. of Units: 15
Cap Rate: 5.91%
GRM /GIM: 13.46
Average Occupancy: 100.00
Year Built: 1931
Building Size: 17,300 Sq ft
Lot Size: 8,262.00 Sq ft
No. of Stories: 3
Zoning Code: M1-2
Opportunity Zone: No
Price per unit: $446,667
Property Website Click Here
Address: 3818-3824 Ft Hamilton Parkway & 1071 39t

Unit mix

Description No. of Units Sq ft. Avg. Monthly Rent

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