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$6,500,000
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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.
Full Property Details
Full Property Details for 380 Crescent St.
General
- Price: $6,500,000
- Taxes: $89,156
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 904891
- Updated: 8/26/2025
- Added to Site: 144 day(s) ago
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: Multi Units
- Heating Type: Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 18000
- Square Feet: 18,000
- Year Built: 1927
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size (Sq. Ft.): 5,000
Financial Considerations
- Tax Amount: $89,156
Disclosures and Reports
- Special Conditions: None
- Property ID: 04164-0038
Listed by EXIT Realty Central
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Schools
Schools serving 380 Crescent St.
School District:New York City Geographic School District 19
| Name | Grades | Distance |
|---|---|---|
Ps 214 Michael Friedsam 2944 Pitkin Avenue, Brooklyn, NY 11208 | PK-5 | 0.5 mi |
Jhs 218 James P Sinnott 370 Fountain Avenue, Brooklyn, NY 11208 | 6-8 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 380 Crescent St.
Date
Details
Price
Change
Source
8/25/2025
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 380 Crescent St.
Year
Property Taxes
Change
Tax Assessment
Change
2025
$89,156
—
$726,480
-7%
2024
$89,441
6%
$782,100
-5%
2023
$84,467
11%
$819,450
17%
2022
$76,399
-46%
$697,500
12%
2021
$142,486
111%
$620,100
-6%
2020
$67,601
15%
$657,900
13%
2019
$58,755
29%
$583,200
5%
2017
$45,662
—
$555,300
14%
2017
$45,662
14%
$487,350
14%
2016
$40,146
13%
$426,150
41%
2015
$35,561
-8%
$303,300
18%
2014
$38,485
15%
$256,050
-21%
2013
$33,488
—
$322,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 380 Crescent St.
380 Crescent Street, Brooklyn, NY 11208 (MLS# 904891) is a Commercial property. 380 Crescent Street is currently listed for $6,500,000 and was received on August 25, 2025. Want to learn more about 380 Crescent Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

