1797 Flatbush Ave
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1797 Flatbush Ave
4,400 SF 100% Leased Retail Building Brooklyn, NY 11210 $1,975,000 ($449/SF) 7.28% Cap Rate
Investment Highlights
- Mixed-use building
- One retail space + garage with storage
- Lot Dimensions: 20 X 96
- Two 3 bedroom / 2 bath apartments
- Gut renovated and cash flowing
- Building Dimensions: 20 X 55
Executive Summary
Introducing 1797 Flatbush Avenue, an outstanding investment opportunity. This 4,400 SF mixed-use property, zoned R5/C2-2, is a prime asset in Brooklyn. The building has been gut renovated, boasting two 3 bedroom/ 2 bath apartments, 1 retail space, and a garage with storage.
The asset is fully leased and generating great cash-flow.
Located on the east side of Flatbush Avenue, between East 37th St and Avenue J near the Flatbush Ave - Brooklyn College subway station.
Nearest Transit: 5 & 2 trains at Flatbush Ave - Brooklyn College and the B41, BM1, B9, & B7 bus lines.
Nearby Retailers include: Starbucks, Dunkin' Donuts, Target, Auto Zone, Brooklyn College, Nike, Homegoods, and more!
The asset is fully leased and generating great cash-flow.
Located on the east side of Flatbush Avenue, between East 37th St and Avenue J near the Flatbush Ave - Brooklyn College subway station.
Nearest Transit: 5 & 2 trains at Flatbush Ave - Brooklyn College and the B41, BM1, B9, & B7 bus lines.
Nearby Retailers include: Starbucks, Dunkin' Donuts, Target, Auto Zone, Brooklyn College, Nike, Homegoods, and more!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,400 SF
Building Class
B
Year Built
1931
Price
$1,975,000
Price Per SF
$449
Cap Rate
7.28%
NOI
$143,857
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.53
Land Acres
0.04 AC
Zoning
R5/C2-2
Frontage
27 FT on Flatbush Ave
Walk Score ®
Very Walkable (84)
Transit Score ®
Rider's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 07618-0029 | Improvements Assessment | $36,060 |
| Land Assessment | $13,800 | Total Assessment | $49,860 |
PROPERTY TAXES
Parcel Number
07618-0029
Land Assessment
$13,800
Improvements Assessment
$36,060
Total Assessment
$49,860
-
Power Broker Shlomi Bagdadi -
Tri State Commercial
(718) 437-6100
x104
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1797 Flatbush Ave
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