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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!

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)
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.®

Nearby Major Retailers

Capital One
Santander Bank
Citi
IHOP
Retro Fitness
Planet Fitness
Starbucks
Wells Fargo
Chase Bank
Blink Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05064-0004
Land Assessment
£9,474
Improvements Assessment
£65,835
Total Assessment
£75,309
  • Listing ID: 32358439

  • Date on Market: 05/07/2024

  • Last Updated:

  • Address: 775 Flatbush Ave, Brooklyn, NY 11226

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