2066 Flatbush Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11234
$1,500,000 USD
646-389-1130
2066 Flatbush Ave, Brooklyn, NY for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | 7.24% Cap Rate

2066 Flatbush Ave
Brooklyn, NY 11234


HIGHLIGHTS

  • Opportunity to invest in fully leased Retail / Apartments in Brooklyn's Flatlands neighborhood.
  • Established pharmacy on new 10 year lease with 3% annual rent bumps.
  • Seller has invested over $500,000 in extensive renovations, new roof, modern flooring and walls, modern glass wall office and other improvements.
  • Opportunity to significantly raise apartment rents that are well below market.
  • Fully functioning basement.

OVERVIEW

1,800 SF ground-floor retail space with a 10-year lease. (3% annual rent increases). Fully renovated retail space. Fully operational basement providing additional storage and utility space. Prime location near Flatbush Ave-Brooklyn College [2,5] subway station.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R3-2 C1-2

APN/PARCEL ID

07866-0043

ASK ABOUT THIS PROPERTY

Isaac MatayevAsset CRG Advisors LLCMore Info
646-389-1130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Isaac MatayevAsset CRG Advisors LLCMore Info
646-389-1130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.