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3,125 ft²

$400 per ft²

7 rooms

4 beds

4 baths

reported sale

Sold on 4/28/2025

Not yet verified by closing records

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Seller's agent

Jennifer Novelli

Licensed Real Estate Broker

DNY REAL ESTATE

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Listing by DNY REAL ESTATE, Tradename Broker, 3418 Northern Boulevard, Long Island City, NY 11101

Common charges

Not applicable

Estimated payment

$6,262/mo

Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

Taxes

No info

Tax abatement

No info

About

Seller’s agent

/

Jennifer Novelli

Licensed Real Estate Broker

DNY REAL ESTATE

description

US govt anchored mixed-use building (GSA lease)
Significant upside in apt rent (currently $2200/month - proforma is $2800/month)
Just under $92k in NOI from Day 1
No landlord gas or electric
Minimal landlord work required
Corner building on major thoroughfare Pennsylvania Avenue
Incredible frontage with exposure to thousands of vehicles per day
Very strong cashflows with GSA lease for USMC recruiting space...

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Home features

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About the building

386 Belmont Avenue

386 Belmont Avenue, Brooklyn, NY 11207

Commercial building in East New York

1 unit

2 stories

1935 built

Property history

  • Price Change: ↓ $150,000 (-10.7%) on 12/11/24
  • Days on market: 161 daysThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

4/28/2025

$1,250,000

Sold by DNY REAL ESTATE

12/11/2024

$1,250,000

Price decreased by 11%

11/18/2024

$1,400,000

Listed by DNY REAL ESTATE

Past listing photos

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Explore East New York

Transit

LocationDistance

ACat Liberty Av

0.27 miles

ACat Van Siclen Av

0.29 miles

Lat Sutter Av

0.37 miles

3at Pennsylvania Av

0.39 miles

3at Van Siclen Av

0.48 miles