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938 Flatbush Ave 9,904 SF Vacant Retail Building Brooklyn, NY 11226 $5,700,000 ($575.53/SF)
Executive Summary
938–940 Flatbush Avenue presents a rare opportunity to acquire a prime mixed-use investment asset along one of Brooklyn’s most heavily trafficked commercial corridors. The property features street-level retail with residential units above, benefiting from strong in-place income and long-term upside.
Situated on Flatbush Avenue between Prospect Park and Brooklyn College, the building enjoys exceptional visibility, consistent pedestrian and vehicular traffic, and proximity to major transportation lines, including the B/Q subway and multiple bus routes.
The offering includes significant unused development rights (air rights), providing a compelling value-add or redevelopment opportunity in a rapidly evolving neighborhood. Ideal for investors, developers, or owner-users seeking stable cash flow with future expansion potential.
Offered exclusively by TNG
Situated on Flatbush Avenue between Prospect Park and Brooklyn College, the building enjoys exceptional visibility, consistent pedestrian and vehicular traffic, and proximity to major transportation lines, including the B/Q subway and multiple bus routes.
The offering includes significant unused development rights (air rights), providing a compelling value-add or redevelopment opportunity in a rapidly evolving neighborhood. Ideal for investors, developers, or owner-users seeking stable cash flow with future expansion potential.
Offered exclusively by TNG
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,904 SF
Building Class
C
Year Built/Renovated
1931/2004
Price
$5,700,000
Price Per SF
$575.53
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.90 AC
Zoning
C4-4A - Regional commercial center located outside of the central business districts
Frontage
39’ on Flatbush Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Move-In Ready Retail Space with HVAC for Lease
Move-In Ready Retail Space with HVAC for Lease
Move-In Ready Retail Space with HVAC for Lease
| Space | Size | Space Use | Position | Available |
| Lower Level | 1,600-3,000 SF | Retail | In-Line | Now |
| Ground | 2,000-3,500 SF | Retail | In-Line | Now |
| 2nd Floor | 2,600 SF | Retail | In-Line | Now |
Lower Level
| Size |
| 1,600-3,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground
| Size |
| 2,000-3,500 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Lower Level
| Size | 1,600-3,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Move-In Ready Retail Space with HVAC for Lease
Ground
| Size | 2,000-3,500 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Move-In Ready Retail Space with HVAC for Lease
2nd Floor
| Size | 2,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Move-In Ready Retail Space with HVAC for Lease
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05102-0041 | Improvements Assessment | $826,200 |
| Land Assessment | $176,850 | Total Assessment | $1,003,050 |
Property Taxes
Parcel Number
05102-0041
Land Assessment
$176,850
Improvements Assessment
$826,200
Total Assessment
$1,003,050
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938 Flatbush Ave