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$1,390,000
Est. payment /mo
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Key Details
Property Type Mixed Use
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 500362
Property Sub-Type Mixed Use
Property Description
Welcome to this mixed-use brick building located in the heart of Flatbush, offering a compelling investment opportunity with both retail and residential income streams. The property features a ground-floor commercial storefront along a busy Flatbush Avenue corridor, providing excellent visibility and consistent foot traffic. The residential component consists of two spacious three-bedroom, one-bathroom apartments, with tenants responsible for their own utilities, including heat, hot water, electric, and cooking gas. Both residential units are currently occupied without long-term leases, with one unit on a month-to-month basis, offering flexibility for future repositioning or rent optimization.
The property is zoned R7A, allowing for mid-rise residential development, and offers the potential to fully extend the first floor to maximize lot coverage, enhancing retail or commercial use and overall income potential.
Conveniently located near major transportation options, including the B and Q subway lines at Church Avenue and the 2 and 5 trains at Flatbush Avenue–Brooklyn College, the property provides easy access to Manhattan and throughout Brooklyn. Multiple bus lines, including the B35, B41, and B44, further enhance accessibility.
The surrounding area is rich in amenities, with nearby schools such as P.S. 249 and Erasmus Hall High School, as well as Brooklyn College just a short distance away. Flatbush Avenue offers a vibrant mix of restaurants, cafes, and local shops, contributing to strong tenant demand and long-term neighborhood stability.
This is an excellent opportunity for investors seeking immediate cash flow with significant upside potential through rent growth and future development possibilities.
The property is zoned R7A, allowing for mid-rise residential development, and offers the potential to fully extend the first floor to maximize lot coverage, enhancing retail or commercial use and overall income potential.
Conveniently located near major transportation options, including the B and Q subway lines at Church Avenue and the 2 and 5 trains at Flatbush Avenue–Brooklyn College, the property provides easy access to Manhattan and throughout Brooklyn. Multiple bus lines, including the B35, B41, and B44, further enhance accessibility.
The surrounding area is rich in amenities, with nearby schools such as P.S. 249 and Erasmus Hall High School, as well as Brooklyn College just a short distance away. Flatbush Avenue offers a vibrant mix of restaurants, cafes, and local shops, contributing to strong tenant demand and long-term neighborhood stability.
This is an excellent opportunity for investors seeking immediate cash flow with significant upside potential through rent growth and future development possibilities.
Location
State NY
County Kings (brooklyn)
Area Flatbush
Zoning R7A
Rooms
Basement Finished
Interior
Interior Features Kitchen, Restrooms - Staff
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat,Rubber
Building
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
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Listed by eXp Realty BKNY
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716