1428 Flatbush Ave 5,851 SF 100% Leased Retail Building Brooklyn, NY 11210 $2,500,000 ($427.28/SF)
INVESTMENT HIGHLIGHTS
- Abundant transportation available with the 2 and 5 trains within walking distance
- Within a few blocks of Brooklyn College and Midwood High School
- Close proximity to Brooklyn Junction, a prime commercial area with stores such as the Nike Store and Target
EXECUTIVE SUMMARY
Four free market apartments (two 3-bedrooms and two 2-bedrooms) and one commercial unit. Value-add opportunity delivered vacant. Protected tax class (2A). 5,851 gross square feet split between 3,901 residential and 1,950 commercial medical office space. Located on the west side of Flatbush Avenue between Farragut Road and Glenwood Road.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,851 SF
Building Class
C
Year Built
1933
Price
$2,500,000
Price Per SF
$427.28
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.95
Lot Size
0.07 AC
Zoning
R7A - Inclusionary Housing
Frontage
26’ on Flatbush Ave
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (100)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05249-0042 | Improvements Assessment | $371,250 |
| Land Assessment | $126,450 | Total Assessment | $497,700 |
