201-320-8911
657 Flatbush Ave, Brooklyn, NY for Sale
Storefront Retail/Residential - FOR SALE
1/3
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657 Flatbush Ave
Brooklyn, NY 11225
Prospect Lefferts Gardens


HIGHLIGHTS

  • Fully Renovated 3-Story,  ±3,272 SF Mixed-Use Building
  • Tax Class Protected with Free Market Residential Units
  • Vacant Retail Space with Private Rear Yard—Ideal for an Owner-User
  • Unit Mix: 2BR/2BA with Ensuite Master Bedrooms, Modern Finishes & In-Unit Washer/Dryers
  • Blocks from Prospect Park with Convenient Access to the Q, 2 & 5 Subway Lines

OVERVIEW

TerraCRG is pleased to exclusively represent ownership in the sale of 657 Flatbush Avenue, a fully renovated mixed-use investment opportunity in Prospect Lefferts Gardens, Brooklyn. Situated between Fenimore Street and Hawthorne Street, just blocks from Prospect Park, the three-story property spans approximately 3,272 gross square feet across three units: two free-market residential apartments and a vacant ground-floor retail space with a private rear yard, presenting an ideal opportunity for an owner-user or investor.  The building was gut-renovated down to the studs in 2017, with all-new systems throughout and a full conversion from its original railroad-style configuration to modern 2BR/2BA layouts with master ensuites and airy, light-filled interiors. Each unit is finished with in-unit washer/dryer, central air-conditioning, stainless-steel appliances, dishwashers, and hardwood floors. The property's tax class protected status, paired with free-market residential income and a vacant retail component, offers investors stable in-place cash flow with the flexibility to lease up or occupy the commercial space. Positioned along the vibrant Flatbush Avenue corridor, the property benefits from a diverse mix of acclaimed restaurants, cafés, neighborhood retail, and everyday conveniences. Convenient access to the Q, 2, and 5 subway lines provides seamless connectivity throughout Brooklyn and Manhattan.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated Mixed-Use Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,647 SF

ZONING

R7-1, C1-3

APN/PARCEL ID

05042-0002

ASK ABOUT THIS PROPERTY

Vivek SharmaTerraCRG Brooklyn Commercial Real EstateMore Info
201-320-8911

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Vivek SharmaTerraCRG Brooklyn Commercial Real EstateMore Info
201-320-8911

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