Perfect investment | 775 Flatbush Ave
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Perfect investment 775 Flatbush Ave
3,800 SF 100% Leased Retail Building Brooklyn, NY 11226 £2,083,099 (£548/SF) 5% Net Initial Yield
Investment Highlights
- Heavy traffic area
- Area is strong for both residential and commerccial.
- Great Solid Tenant
Executive Summary
Chain Store Tenant !!!
This is a Prime Mixed use building in Flatbush ! Domino's pizza is the Tenant on the ground floor. There are Two (2) 3 bedroom apartments occupied with no leases. This is an ideal 1031 exchange with a solid Tenant. Property is in excellent condition throughout. This is an investment opportunity!
This is a Prime Mixed use building in Flatbush ! Domino's pizza is the Tenant on the ground floor. There are Two (2) 3 bedroom apartments occupied with no leases. This is an ideal 1031 exchange with a solid Tenant. Property is in excellent condition throughout. This is an investment opportunity!
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,800 SF
Building Class
C
Year Built/Renovated
1925/2019
Price
£2,083,099
Price Per SF
£548
Net Initial Yield
5%
NOI
£104,155
Percent Leased
100%
Number of Floors
3
Building FAR
1.74
Lot Size
0.05 AC
Zoning
R7-1
Frontage
20 ft on Flatbush avenue
Amenities
- Tenant Controlled HVAC
Walk Score®
Walker's Paradise (96)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 05064-0004 | Improvements Assessment | £65,835 |
Land Assessment | £9,474 | Total Assessment | £75,309 |
PROPERTY TAXES
Parcel Number
05064-0004
Land Assessment
£9,474
Improvements Assessment
£65,835
Total Assessment
£75,309
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Presented by
Madison Estates Sotheby's Int - Franzese Group
Perfect investment | 775 Flatbush Ave
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