270 Flatbush Ave
Brooklyn, NY 11217
Retail Property For Sale

The property is ideally situated in the Park Slope neighborhood of Brooklyn, three blocks from Barclay Center. This mixed-use building consists of 4 residential apartments and 1 commercial space. The commercial space spans the entire footage at 20 feet wide on Flatbush Avenue. The second entrance for the office and the residential units is on Prospect Place, away from the heavy traffic on a tree lined residential block. The basement is dry and vacant and can be easily accessed from the retail space. All apartments are recently updated, very well maintained and rented. The commercial space can be delivered vacant. In combination of the residential income and projected commercial rent this property will perform a 4.44% cap rate and has a great potential for upside with additional FAR available in one of the top Brooklyn retail corridors. Located near Atlantic Center, many nationwide chain stores, trendy boutiques, and restaurants retail stores and restaurants. Neighboring tenants include: Chase, Duane Reade, Verizon, T-Mobile, Starbucks, Soul Cycle, Crunch Fitness, UPS, Shake Shack and many more. Only few minutes to 11 subway lines including the LIRR, this property is well-served by major forms of transportation and it is an excellent opportunity for every investor.