368 Stratford Rd - Restaurant FOR SALE


Brooklyn, NY 11218- Flatbush-Ditmas Park
$3,500,000 USD
407-341-3254
368 Stratford Rd, Brooklyn, NY for Sale
$3,500,000 USD
Restaurant - FOR SALE
1/27
null | 6.21% Cap Rate

368 Stratford Rd
Brooklyn, NY 11218
Flatbush-Ditmas Park


HIGHLIGHTS

  • Ground floor is home to Lea's, a beloved local restaurant.
  • Both residential units and commercial restaurant space have been recently updated, ensuring modern finishes and functionality throughout
  • Additional buildable FAR of 4,214 square feet, making it perfect opportunity to develop. Plans are available for review for inspiration

OVERVIEW

Prime Mixed-Use Investment Opportunity in Ditmas Park! 1022 Cortelyou Road, is a meticulously renovated mixed-use building, offering a rare combination of income-producing commercial and residential spaces. This 3,600 square foot property includes additional buildable FAR of 4,214 square feet, making it a perfect opportunity for investors, developers, or end-users seeking flexibility and growth potential. Property Highlights: Ground floor: Home to Lea’s, a beloved local restaurant. Basement: Rented by a bakery. Shed: Additional storage. 2nd floor: A spacious 2-bedroom apartment with a private terrace. 3rd floor: A large, sun-filled 3-bedroom unit. Recent Renovations: Both residential units and the commercial restaurant space have been recently updated, ensuring modern finishes and functionality throughout. Development Potential: The property’s additional FAR provides incredible value for those looking to expand or enhance the existing structure. Development plans are available for review, offering inspiration and insight into the property’s future possibilities. Cortelyou Road is a lively corridor known for its local charm and convenience, surrounded by popular restaurants, cafes, and shops, including Lea’s, Mimi’s Hummus, Madeline’s, Sycamore Bar & Flower Shop, George’s Diner, and the Flatbush Food Co-op. Kings Theater and Newkirk Avenue are also nearby. Commuting is easy with the Q train at Cortelyou Road offering a 35-minute ride to Union Square, and the B/Q trains at Newkirk Plaza providing access to downtown Manhattan in about 40 minutes. Whether you’re an investor seeking steady income, a developer with an eye for potential, or an end-user looking to establish your business in a thriving area, this property delivers unparalleled opportunity. Contact us today for the building setup or to schedule a private viewing and explore the possibilities of this exceptional property.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$972 USD /SF

CAP RATE

6.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R6,Brooklyn (S9)

APN/PARCEL ID

05153-0009

ASK ABOUT THIS PROPERTY

Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

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Krissy MussendenBuckingham InvestmentsMore Info
407-341-3254

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