399-401 Flatbush Ave
Brooklyn, NY 11238
Retail Property For Sale

We are pleased to present the exclusive net lease offering for a Chase Bank and Unit 2F located at 401 Flatbush Avenue in Brooklyn, NY. The site consists of approximately 5,169 square feet of retail condo space strategically positioned at the edge of Grand Army Plaza, where the neighborhoods of Prospect Heights and Park Slope converge. This Chase Bank location boasts an impressive tenancy history dating back to 1959, demonstrating its status as a valued and historically significant branch in Chase's portfolio. The property is subject to a triple-net lease, with Chase having recently extended their commitment for an additional 5 years, plus negotiated another 5-year renewal option. INVESTMENT HIGHLIGHTS: • Prime Brooklyn Location: Situated on the edge of Grand Army Plaza, offering exceptional visibility and foot traffic • Established Tenant: Chase Bank with continuous tenancy history dating back to 1959 • Newly Extended Lease: Recent 5-year lease extension with an additional 5-year option • Triple-Net Structure: Minimal landlord responsibilities with tenant covering taxes, insurance, and maintenance • Institutional-Quality Tenant: Investment-grade credit tenant (JPMorgan Chase - S&P: A-) This trophy asset presents a rare opportunity to acquire a secure, long- term net leased property with an established financial institution in one of Brooklyn's most prestigious locations. With R8X zoning in a non-landmarked area, this has the potential for future development site in one of Brooklyn’s best neighborhoods. This offering represent 60% ownership of the condo association.