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5801 Flatlands Ave 12,772 SF 92% Leased Retail Building Brooklyn, NY 11234 $9,100,000 ($712.50/SF) 6.54% Cap Rate
Investment Highlights
- Offered at $9,100,000, reflecting a 6.54% CAP rate on current NOI
- Rare amenity with 20 dedicated parking spaces, a major advantage in this area
- 4 miles from the Belt Parkway, 3 miles from Ocean Parkway, and 1 mile from Kings Highway, the subject property offers access to major thoroughfares
- 100% leased to six tenants with staggered expirations from 2025 to 2032, featuring extension options to further de-risk cash flow
- High-visibility site in densely populated Brooklyn, positioned along major commercial corridors with strong foot and vehicle traffic
- Nearby national and credit brands include Subway, McDonald's, Domino's Pizza, Shell, Taco Bell, and many other retailers in the immediate area
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
12,772 SF
Building Class
B
Year Built
2023
Price
$9,100,000
Price Per SF
$712.50
Cap Rate
6.54%
NOI
$594,810
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.48 AC
Zoning
R3-2/C2-2
Parking
20 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
83’ on Flatlands Avenue
Amenities
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,050 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,050 SF | Retail | - | Now |
1st Floor
| Size |
| 1,050 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07762-0001 | Improvements Assessment | $453,150 |
| Land Assessment | $215,550 | Total Assessment | $668,700 |
Property Taxes
Parcel Number
07762-0001
Land Assessment
$215,550
Improvements Assessment
$453,150
Total Assessment
$668,700
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5801 Flatlands Ave
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