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1397 Flatbush Ave Local commercial 203 m² 100 % Loué À vendre Brooklyn, NY 11210 947 518 € (4 669,87 €/m²) Taux de capitalisation 7,29 %

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Certaines informations ont été traduites automatiquement.

Informations principales sur l'investissement

Three-story mixed-use building with a ground-floor retail tenant and two free-market residential units.
Free-market residential units offer near-term upside through rent adjustments and leasing flexibility.
Situated on bustling Flatbush Avenue near Brooklyn College and surrounded by major national retailers and dining options.

Retail space leased to a nail/hair salon under a long-term agreement ending in 2033, providing secure, stable income.
Favorable R7A/C2-4 zoning with additional air rights enabling potential future development or building expansion.
Convenient access to Newkirk Av (2/5 trains) and Newkirk Plaza (B/Q trains), ensuring strong commuter and consumer traffic.

Résumé analytique

The subject offering is a 2,280 square foot, three-story mixed use property located along the prime Flatbush Avenue retail corridor in Flatbush, Brooklyn. The asset consists of 798 square feet of ground floor retail and two 741 square foot residential units above. The property features 20 feet of frontage and sits on an 800 square foot lot.
The ground floor retail is leased to a nail salon through 2033, providing long term stability and strong visibility. The residential units are both free market, with one apartment leased through 2027 and the other currently operating on a month-to-month basis, offering the ability to mark rents to market in the near term.
Zoned R7A/C2-4, the property offers a total buildable of 2,640 square feet, leaving approximately 360 square feet of additional air rights.
The surrounding corridor is densely populated and supported by a strong mix of national and local retailers including Metro, Dunkin, Popeyes, Wingstop, Target, Subway, Key Food, Burger King, and Crunch Fitness.
This is an opportunity to acquire a well located mixed use asset with long term retail stability and embedded upside driven by free market residential units.