For Sale
$1,900,000

2172 Flatbush Avenue ExtBrooklyn, NY 11234

Prime Brooklyn location, two units, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
111
This exceptional commercial property at 2172 Flatbush Avenue in Brooklyn, New York, presents a lucrative investment opportunity. The building boasts 3,780 square feet of space, divided into two units, ideal for a variety of commercial uses. The property features a full finished legal basement, adding approximately 4000 square feet of usable space. The building is equipped with a central HVAC system, including central air conditioning and heating, and a sprinkler system, ensuring optimal comfort and safety. The lot size is 1,800 square feet, and the building offers ceiling heights ranging from 8 to 10 feet. Two parking spots are included, a valuable asset in this high-traffic area. Located in the desirable Flatlands/Marine Park neighborhood, this property benefits from its prime position on Flatbush Avenue, ensuring high visibility and accessibility. The asking price is $1,900,000, with a projected cap rate of 7% at $35 per square foot per year. This is a motivated seller situation, so submit your offer with proof of funds. The property is currently vacant and ready for immediate occupancy. Suitable uses include retail, restaurant, office, nail salon, or cosmetology. This is a rare opportunity to acquire a well-maintained commercial building in a thriving Brooklyn neighborhood.

Highlights

  • 3,780 SF commercial building plus a 4,000 SF finished basement in Brooklyn, NY.
  • Central HVAC and sprinkler system.
  • 1,800 SF lot with 8-10' ceilings and two parking spaces.
  • Located on Flatbush Avenue in Flatlands/Marine Park with high visibility.
  • Asking price: $1,900,000, projected 7% cap rate.
  • Currently vacant and ready for immediate occupancy; suitable for retail, restaurant, office, or personal services.

Property Details for 2172 Flatbush Avenue Ext

Property type
Retail properties, Restaurants
Square Feet
3,780 SF
Units
2

Location Insight

City
Brooklyn
County
Kings (Brooklyn)
State
New York
Latitude
40.6168465
Longitude
-73.9310037
2172 Flatbush Avenue Ext, Brooklyn, New York

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2172 Flatbush Avenue Ext
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