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1183-1189 Flatbush Ave 1183-1189 Flatbush Ave 7,975 SF Retail Building Brooklyn, NY 11226 $6,450,000 ($808.78/SF)



INVESTMENT HIGHLIGHTS
- Versatile Zoning
- In-Place Commercial Lease
- Superior Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 1183-1187 and 1189 Flatbush Avenue in Brooklyn, New York (the “Property” or “Properties”). The Property is improved with a single-story 7,975 square foot building that sits on a combined 0.30-acres of land and offers approximately 100 feet of frontage along Flatbush Avenue (in between Vanderveer Place and Avenue D). The Property is currently leased to Flatbush Discount & Deals through January 31, 2028. The Property offers developers the rare opportunity to purchase a large development site with 100 feet of frontage on Flatbush Avenue that allows for 47,200 buildable square feet “As of Right” in the Flatbush neighborhood of Brooklyn, New York. The Property is situated in an incredible urban in-fill location along Flatbush Avenue in the Flatbush neighborhood of Brooklyn. 1183-1187 & 1189 Flatbush Avenue is located between Avenue D and Vanderveer Place and enjoys convenient access to the MTA bus line, several subway stations, Prospect Park and Brooklyn College. Flatbush Avenue is one of the area’s primary commercial and commuter corridors and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area parks and schools and is 3.1-miles from the Barclays Center, and 4-miles from Downtown Brooklyn.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,975 SF
Building Class
C
Year Built
1933
Price
$6,450,000
Price Per SF
$808.78
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.30 AC
Zoning
R7A, R5B, C2-4
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Discount & Deals
- Retailer
- -
- $21.71
- Feb 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Discount & Deals | Retailer | - | $21.71 | Feb 2028 |
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $820,800 | |
| Land Assessment | $559,350 | Total Assessment | $1,380,150 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$559,350
Improvements Assessment
$820,800
Total Assessment
$1,380,150
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1183-1189 Flatbush Ave | 1183-1189 Flatbush Ave
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