1004 Flatbush Ave
Brooklyn, NY 11226
Retail Property For Sale

Invest in a fully occupied retail property positioned along one of Brooklyn’s most active commercial corridors at 1004 Flatbush Avenue. Anchored by nationally recognized tenants Chipotle Mexican Grill and PLS Check Cashers of NY, this asset delivers secure, long-term cash flow with leases running through 2032. Tenants maintain corporate-backed or established operations, strengthening income stability for years to come.
The property encompasses a built area of approximately 12,222 square feet with an additional 12,990 square feet of unused air rights, providing significant upside through potential redevelopment. Zoned C4-4A/R7X equivalent, the site supports a cumulative buildable area of up to 25,224 square feet, accommodating future mixed-use or expanded retail possibilities. This rare combination of immediate income and development flexibility positions the property as a strong growth-oriented investment.
The offering generates a net operating income of approximately $355,970.78 annually, supported by base rent and reimbursements, resulting in a healthy 5.93% capitalization rate. Its location on Flatbush Avenue—just steps from thriving residential neighborhoods and major transit routes—ensures sustained tenant demand and long-term value appreciation.
Acquiring this property offers both current income reliability and scalable potential in one of Brooklyn’s dynamic retail markets.