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315 Flatbush Ave 1,000 SF Retail Condo Unit Offered at $1,650,000 in Brooklyn, NY 11217
Investment Highlights
- Very Heavy Foot Traffic
- Rare Opportunity
- Expensive Location
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.39% |
| Sale Type | Investment |
| Cap Rate | 5.39% |
Description
Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue.
This 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the market after 20 years.
Home to a UPS franchise for two decades, this incredibly valuable space will become legally vacant on August 14, 2027. Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income.
Owner costs are limited to real estate taxes and CAM charges, some or all of which are often passed along to a new tenant.
With 2026 real estate taxes at $26,239 and annual CAM charges of $12,384, and adding in a vacancy allowance to find a new tenant, the net income for 315 Flatbush Avenue at that lease pricing would still be a potential $106,877, generating at 6.50% rate of return on investment. In a Brooklyn neighborhood where investment property often trades at a 5% cap rate, this is a rare opportunity indeed.
This 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the market after 20 years.
Home to a UPS franchise for two decades, this incredibly valuable space will become legally vacant on August 14, 2027. Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income.
Owner costs are limited to real estate taxes and CAM charges, some or all of which are often passed along to a new tenant.
With 2026 real estate taxes at $26,239 and annual CAM charges of $12,384, and adding in a vacancy allowance to find a new tenant, the net income for 315 Flatbush Avenue at that lease pricing would still be a potential $106,877, generating at 6.50% rate of return on investment. In a Brooklyn neighborhood where investment property often trades at a 5% cap rate, this is a rare opportunity indeed.
Sale Notes
Prime investment opportunity. No nearby retail condos have been sold in 10 years. Rents are up to $150 psf.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 1,000 SF | Retail | $1,650,000 ($1,650.00/SF) | $88,881 |
Unit 2
| Unit Size |
| 1,000 SF |
| Condo Use |
| Retail |
| Price |
| $1,650,000 ($1,650.00/SF) |
| NOI |
| $88,881 |
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Unit 2
| Unit Size | 1,000 SF |
| Condo Use | Retail |
| Price | $1,650,000 ($1,650.00/SF) |
| NOI | $88,881 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| Description | |
| Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue.<br> <br> This 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the market after 20 years.<br> <br> Home to a UPS franchise for two decades, this incredibly valuable space will become legally vacant on August 14, 2027. Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income.<br> <br> Owner costs are limited to real estate taxes and CAM charges, some or all of which are often passed along to a new tenant.<br> <br> With 2026 real estate taxes at $26,239 and annual CAM charges of $12,384, and adding in a vacancy allowance to find a new tenant, the net income for 315 Flatbush Avenue at that lease pricing would still be a potential $106,877, generating at 6.50% rate of return on investment. In a Brooklyn neighborhood where investment property often trades at a 5% cap rate, this is a rare opportunity indeed.</li></ul> | |
| Sale Notes | |
| Prime investment opportunity. No nearby retail condos have been sold in 10 years. Rents are up to $150 psf.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 14,596 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,919 SF |
| Property Subtype | Apartment | Year Built | 1930 |
| Building Class | C | Lot Size | 0.08 AC |
| Zoning | R7A - Medium-density apartment house district with lower parking requirements | ||
| Total Building Size | 14,596 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,919 SF |
| Year Built | 1930 |
| Lot Size | 0.08 AC |
| Zoning | R7A - Medium-density apartment house district with lower parking requirements |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 12 | - | 1,216 |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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Matterport 3D Exterior
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Photos
Street View
Street
Map
Contact the Sale Advisor
315 Flatbush Ave