1389 Flatbush AveBrooklyn, NY 11210

For Sale
$2,600,000

Prime Brooklyn location, fully renovated, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 3,960 square foot shopping center at 1389 Flatbush Avenue in Brooklyn, New York (zip code 11210) is offered for sale at $2,600,000. The property is a fully renovated, turn-key investment opportunity situated on a 1,900 square foot lot (approximately 20' x 98.5' irregular). It's zoned R7A / C2-4, offering significant development potential. The building boasts a 3.45 FAR and a 5.6 IH FAR, with 8,740 total zoning floor area (ZFA) development rights and 4,780 available air rights. This mixed-use retail property is ideally located in one of Brooklyn's busiest retail corridors, just four blocks from Brooklyn College and numerous stores and restaurants. Its convenient location between two subway stations – the Newkirk Av 2, 5 Station and the Newkirk Plaza B, Q Station – provides excellent accessibility throughout Brooklyn and to other boroughs. This immaculate asset presents a long-term value-add opportunity through strategic repositioning, leveraging the substantial available air rights. The property consists of one unit.

Highlights

  • Fully renovated, turnkey investment opportunity with significant value-add potential through air rights utilization.
  • Prime Brooklyn location in a high-traffic retail corridor, within walking distance of Brooklyn College and numerous amenities.
  • Excellent transit accessibility, situated between two subway stations (Newkirk Av 2, 5 and Newkirk Plaza B, Q).
  • 8,740 sq ft total development rights, with 4,780 sq ft of available air rights.
  • 20' x 98.5' irregular lot.
  • Zoned for 3.45 FAR and 5.6 IH FAR.

Property Details for 1389 Flatbush Ave

Property type
Lifestyle centers, Power centers
Square Feet
3,960 SF
Units
1

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.637003
Longitude
-73.951663
1389 Flatbush Ave, Brooklyn, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1389 Flatbush Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message