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2066 Flatbush Ave

3,600 SF 100% Leased Retail Building Brooklyn, NY 11234 £1,185,015 (£329/SF) 7.24% Net Initial Yield

Investment Highlights

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

Executive Summary

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.

Attachments

2066 Flatbush Ave, Brooklyn, NY 11234 (No RR)

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
C
Year Built/Renovated
1931/2021
Price
£1,185,015
Price Per SF
£329
Net Initial Yield
7.24%
NOI
£85,795
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
1.65
Land Acres
0.05 AC
Zoning
R3-2 C1-2 - Residential & Commercial
Frontage
21 ft on Flatbush Ave
1 of 1
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

TD Bank
Fit Body Boot Camp
Chase Bank
Apple Bank
Starbucks
Met Foodmarkets
Key Food
Green Leaf's & Bananas
Capital One
Club Pilates

PROPERTY TAXES

Parcel Number 07866-0043 Improvements Assessment £116,250
Land Assessment £67,546 Total Assessment £183,796

PROPERTY TAXES

Parcel Number
07866-0043
Land Assessment
£67,546
Improvements Assessment
£116,250
Total Assessment
£183,796
(646) 389-1130

  • Listing ID: 33853807

  • Date on Market: 15/10/2024

  • Last Updated:

  • Address: 2066 Flatbush Ave, Brooklyn, NY 11234

The Retail Property at 2066 Flatbush Ave, Brooklyn, NY 11234 is currently available For Sale. Contact Asset CRG Advisors LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

2066 Flatbush Ave
(646) 389-1130 x

2066 Flatbush Ave

Isaac Matayev

(646) 389-1130

(646) 389-1130

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