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2413-2459 Flatbush Ave
Brooklyn, NY 11234
Retail Property For Sale
Executive Summary
Capline Consolidated has been exclusively retained to arrange the sale of 2413-2459 Flatbush Avenue, a premier commercial asset positioned within one of Brooklyn’s most resilient retail corridors. Comprising approximately 12,000 square feet of prime retail space on a 12,250-square-foot lot, this offering represents a high-yield opportunity for institutional investors and private operators alike.
Asking Price: $10,000,000
Net Operating Income (NOI): $650,000
Cap Rate: 6.5%
Total Building Area: 12,000 SF
Total Lot Area: 12,250 SF
Occupancy: Near-Stabilized (Strategic Lease-up Opportunity)
This asset is defined by its strategic location at the nexus of four affluent and densely populated Brooklyn enclaves: Mill Basin, Marine Park, Bergen Beach, and Flatlands. As a dominant retail strip on a high-traffic thoroughfare, the property captures a relentless stream of both vehicular and pedestrian commerce, ensuring long-term tenant viability and consistent cash flow.
Institutional-Grade Stability: The current tenant roster is composed of high-performing operators, demonstrating the strength of this specific sub-market.
Optimized for 1031 Exchange: With limited landlord responsibilities and a streamlined management profile, this asset is an ideal vehicle for an investor seeking a hands-off, "institutional-grade" addition to their portfolio.
Logistical Dominance: Situated on Flatbush Avenue, the property benefits from unparalleled visibility and serves as a vital commercial hub for the surrounding residential neighborhoods.
Asking Price: $10,000,000
Net Operating Income (NOI): $650,000
Cap Rate: 6.5%
Total Building Area: 12,000 SF
Total Lot Area: 12,250 SF
Occupancy: Near-Stabilized (Strategic Lease-up Opportunity)
This asset is defined by its strategic location at the nexus of four affluent and densely populated Brooklyn enclaves: Mill Basin, Marine Park, Bergen Beach, and Flatlands. As a dominant retail strip on a high-traffic thoroughfare, the property captures a relentless stream of both vehicular and pedestrian commerce, ensuring long-term tenant viability and consistent cash flow.
Institutional-Grade Stability: The current tenant roster is composed of high-performing operators, demonstrating the strength of this specific sub-market.
Optimized for 1031 Exchange: With limited landlord responsibilities and a streamlined management profile, this asset is an ideal vehicle for an investor seeking a hands-off, "institutional-grade" addition to their portfolio.
Logistical Dominance: Situated on Flatbush Avenue, the property benefits from unparalleled visibility and serves as a vital commercial hub for the surrounding residential neighborhoods.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,000 SF
Building Class
C
Year Built/Renovated
1987/2026
Price
$10,000,000
Price Per SF
$833.33
Cap Rate
6.50%
NOI
$650,000
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.98
Lot Size
0.28 AC
Zoning
C8-1
Parking
3 Spaces (0.25 Spaces per 1,000 SF Leased)
Frontage
300’ on FLATBUSH AVE
Property Taxes
| Parcel Number | 08543-0017 | Improvements Assessment | $1,257,750 |
| Land Assessment | $348,750 | Total Assessment | $1,606,500 |
Property Taxes
Parcel Number
08543-0017
Land Assessment
$348,750
Improvements Assessment
$1,257,750
Total Assessment
$1,606,500
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