1395 Flatbush Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11210

Photos

1395 Flatbush Avenue — Sale in Brooklyn, NY, photo 1 of 2
1395 Flatbush Avenue — Sale in Brooklyn, NY, photo 2 of 2

Investment Figures

Cap rate
1.27%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

The subject offering is a 3,000 square foot, three-story mixed use property located along the prime Flatbush Avenue retail corridor in Flatbush, Brooklyn. The asset consists of 1,000 square feet of ground floor retail and two 1,000 square foot residential units above. The property features 20 feet of frontage and sits on a 1,000 square foot lot. The ground floor retail is leased to a long-standing neighborhood Mailing & Shipping Center through March 2027, providing in place income with near term rollover. This creates a clear path for an investor or end user to take control of the retail space, allowing for repositioning, lease up at market rents, or occupancy by a user seeking 20 feet of frontage along one of Brooklyn’s most active retail corridors. The second and third floors are currently vacant, offering immediate upside through lease up, renovation, or repositioning of the residential units. Zoned R7A/C2-4, the property offers a total buildable of approximately 4,000 square feet, leaving roughly 1,000 square feet of additional air rights, providing long term flexibility for expansion or redevelopment. 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 in place retail income, near term control of the ground floor, and multiple avenues to create value through residential lease up and future development potential. Investment Highlights: • Mixed-Use Asset Along the Prime Flatbush Avenue Corridor Featuring 20 Feet of Frontage and Strong Long-Term Neighborhood Fundamentals • Opportunity to Unlock Significant Upside Through Two Vacant Residential Units and Near-Term Retail Rollover in March 2027 • Approximately 1,000 SF of Additional Air Rights Providing Future Expansion or Redevelopment Potential in a High-Demand Brooklyn Corridor

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 1.3% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

Contact

  • Alex Arustamian
  • Scott Plasky

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