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Fully Renovated Mixed-Use Building 657 Flatbush Ave 3,272 SF 100% Leased Retail Building Brooklyn, NY 11225 For Sale
Investment Highlights
- Fully Renovated 3-Story, ±3,272 SF Mixed-Use Building
- Vacant Retail Space with Private Rear Yard—Ideal for an Owner-User
- Blocks from Prospect Park with Convenient Access to the Q, 2 & 5 Subway Lines
- Tax Class Protected with Free Market Residential Units
- Unit Mix: 2BR/2BA with Ensuite Master Bedrooms, Modern Finishes & In-Unit Washer/Dryers
Executive Summary
TerraCRG is pleased to exclusively represent ownership in the sale of 657 Flatbush Avenue, a fully renovated mixed-use investment opportunity in Prospect Lefferts Gardens, Brooklyn. Situated between Fenimore Street and Hawthorne Street, just blocks from Prospect Park, the three-story property spans approximately 3,272 gross square feet across three units: two free-market residential apartments and a vacant ground-floor retail space with a private rear yard, presenting an ideal opportunity for an owner-user or investor.
The building was gut-renovated down to the studs in 2017, with all-new systems throughout and a full conversion from its original railroad-style configuration to modern 2BR/2BA layouts with master ensuites and airy, light-filled interiors. Each unit is finished with in-unit washer/dryer, central air-conditioning, stainless-steel appliances, dishwashers, and hardwood floors. The property's tax class protected status, paired with free-market residential income and a vacant retail component, offers investors stable in-place cash flow with the flexibility to lease up or occupy the commercial space.
Positioned along the vibrant Flatbush Avenue corridor, the property benefits from a diverse mix of acclaimed restaurants, cafés, neighborhood retail, and everyday conveniences. Convenient access to the Q, 2, and 5 subway lines provides seamless connectivity throughout Brooklyn and Manhattan.
The building was gut-renovated down to the studs in 2017, with all-new systems throughout and a full conversion from its original railroad-style configuration to modern 2BR/2BA layouts with master ensuites and airy, light-filled interiors. Each unit is finished with in-unit washer/dryer, central air-conditioning, stainless-steel appliances, dishwashers, and hardwood floors. The property's tax class protected status, paired with free-market residential income and a vacant retail component, offers investors stable in-place cash flow with the flexibility to lease up or occupy the commercial space.
Positioned along the vibrant Flatbush Avenue corridor, the property benefits from a diverse mix of acclaimed restaurants, cafés, neighborhood retail, and everyday conveniences. Convenient access to the Q, 2, and 5 subway lines provides seamless connectivity throughout Brooklyn and Manhattan.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,272 SF
Building Class
F
Year Built
1910
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.99
Lot Size
0.04 AC
Zoning
R7-1, C1-3
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05042-0002 | Improvements Assessment | $151,980 |
| Land Assessment | $13,620 | Total Assessment | $165,600 |
Property Taxes
Parcel Number
05042-0002
Land Assessment
$13,620
Improvements Assessment
$151,980
Total Assessment
$165,600
Contacts
-
Vivek Sharma -
Matthew Cosentino -
Maria D'Angelo -
TerraCRG Brooklyn Commercial Real Estate
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