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$ 1,988,000
Est. payment | /mo
$ 1,988,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 981916
Rental Info No
Annual Tax Amount $23,041
Property Sub-Type Retail
Source onekey2
Property Description
6.4% Cap Rate | High-Exposure Flatbush Ave Retail Asset | Stable Income | Development Potential
Exceptional retail investment opportunity on the highly visible Flatbush Avenue corridor in Brooklyn. This approximately 3,740 SF commercial property features four storefronts with strong street presence, excellent exposure, and approximately 70 feet of frontage along one of the area's most active commercial thoroughfares. Surrounded by a dense residential population, established neighborhood businesses, and consistent foot and vehicular traffic, this property is exceptionally well positioned for both current performance and future growth.
The asset is currently configured with 3 leased retail units, 1 vacant storefront, and additional income from a leased 4-car garage, creating multiple income streams with built-in upside. This configuration provides immediate in-place cash flow while preserving meaningful value-add potential through lease-up, repositioning, or owner-user occupancy. The multi-storefront layout further enhances leasing flexibility and broadens the property's appeal for investors seeking both stability and future growth.
Located within a C2-2 / R5 zoning district, the property also offers attractive long-term development potential, with an approximate maximum buildable square footage of 8,558 SF, subject to independent verification. Whether for an investor looking to capitalize on existing cash flow and future appreciation, or for an owner-user seeking a prominent Brooklyn location with additional upside, this is a compelling opportunity to acquire a well-positioned commercial asset on one of the borough's busiest corridors.
Exceptional retail investment opportunity on the highly visible Flatbush Avenue corridor in Brooklyn. This approximately 3,740 SF commercial property features four storefronts with strong street presence, excellent exposure, and approximately 70 feet of frontage along one of the area's most active commercial thoroughfares. Surrounded by a dense residential population, established neighborhood businesses, and consistent foot and vehicular traffic, this property is exceptionally well positioned for both current performance and future growth.
The asset is currently configured with 3 leased retail units, 1 vacant storefront, and additional income from a leased 4-car garage, creating multiple income streams with built-in upside. This configuration provides immediate in-place cash flow while preserving meaningful value-add potential through lease-up, repositioning, or owner-user occupancy. The multi-storefront layout further enhances leasing flexibility and broadens the property's appeal for investors seeking both stability and future growth.
Located within a C2-2 / R5 zoning district, the property also offers attractive long-term development potential, with an approximate maximum buildable square footage of 8,558 SF, subject to independent verification. Whether for an investor looking to capitalize on existing cash flow and future appreciation, or for an owner-user seeking a prominent Brooklyn location with additional upside, this is a compelling opportunity to acquire a well-positioned commercial asset on one of the borough's busiest corridors.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Partial
Interior
Heating Electric
Cooling Electric
Fireplace No
Exterior
Utilities Available Cable Available, Electricity Available, Water Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by B Square Realty • Li Li
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