1395 Flatbush Ave 3,085 SF 100% Leased Retail Building Brooklyn, NY 11210 $1,250,000 ($405.19/SF) 7.04% Cap Rate

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.