1004 Flatbush Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$6,000,000 USD
718-971-1675
1004 Flatbush Ave, Brooklyn, NY for Sale
$6,000,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 5.93% Cap Rate

1004 Flatbush Ave
Brooklyn, NY 11226
Flatbush-Ditmas Park


HIGHLIGHTS

  • Fully occupied retail asset along one of Brooklyn’s busiest commercial corridors.
  • Strong national tenancy, with two tenants: Chipotle Mexican Grill #4491 and PLS Check Cashers of NY.
  • Both leases extend through 2032, providing secure, long-term cash flow.
  • Offers redevelopment potential through 12,990 SF of unused air rights and a 4.0 FAR allowance.

OVERVIEW

Invest in a fully occupied retail property positioned along one of Brooklyn’s most active commercial corridors at 1004 Flatbush Avenue. Anchored by nationally recognized tenants Chipotle Mexican Grill and PLS Check Cashers of NY, this asset delivers secure, long-term cash flow with leases running through 2032. Tenants maintain corporate-backed or established operations, strengthening income stability for years to come. The property encompasses a built area of approximately 12,222 square feet with an additional 12,990 square feet of unused air rights, providing significant upside through potential redevelopment. Zoned C4-4A/R7X equivalent, the site supports a cumulative buildable area of up to 25,224 square feet, accommodating future mixed-use or expanded retail possibilities. This rare combination of immediate income and development flexibility positions the property as a strong growth-oriented investment. The offering generates a net operating income of approximately $355,970.78 annually, supported by base rent and reimbursements, resulting in a healthy 5.93% capitalization rate. Its location on Flatbush Avenue—just steps from thriving residential neighborhoods and major transit routes—ensures sustained tenant demand and long-term value appreciation. Acquiring this property offers both current income reliability and scalable potential in one of Brooklyn’s dynamic retail markets.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$491 USD /SF

CAP RATE

5.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C4-2

APN/PARCEL ID

05125-0020

ASK ABOUT THIS PROPERTY

Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

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Jack CohenJA Cohen Advisory GroupMore Info
718-971-1675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.