1197 Flatbush Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$1,349,730 USD
718-308-7111
1197 Flatbush Ave, Brooklyn, NY for Sale
$1,349,730 USD
Storefront Retail/Residential - FOR SALE
1/26
null | 7.05% Cap Rate

1197 Flatbush Ave
Brooklyn, NY 11226
Flatbush-Ditmas Park


OVERVIEW

Verada, as exclusive agent, is pleased to offer for sale 1197 Flatbush Avenue, a mixed-use building in Flatbush, Brooklyn. The property features two free-market apartments above a vacant, turnkey restaurant space. The apartments generate $46,200 annually in current residential income. The restaurant space is vacant and turnkey, well suited for an owner-operator. Projected/stabilized NOI is $95,156, and the $1,350,000 ask equals a 7.05% pro forma cap rate and $333.50/SF, below the mixed-use comp average. Ownership is keeping the restaurant space vacant at sale, positioning the building for an owner-operator buyer to occupy and run their own concept.

FOR SALE DETAILS

PRICE

$1,349,730 USD

PRICE/SF

$440 USD /SF

CAP RATE

7.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,690 SF

ZONING

R6

APN/PARCEL ID

05188-0010

ASK ABOUT THIS PROPERTY

David DubinskyVeradaMore Info
718-308-7111

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David DubinskyVeradaMore Info
718-308-7111

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