926 Flatbush Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11226- Flatbush-Ditmas Park
$2,688,000 USD
516-279-8828
926 Flatbush Ave, Brooklyn, NY for Sale
$2,688,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 7.15% Cap Rate

926 Flatbush Ave
Brooklyn, NY 11226
Flatbush-Ditmas Park


HIGHLIGHTS

  • Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!!
  • The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9’ Ceilings, 2,000 Sqft. Basement, 200 Amp Power, +++!!!
  • The Property Is Located In The Heart Of Brooklyn 2 Blocks From Kings Theatre & Minutes From Prospect Park!!!
  • Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, +++!!
  • The Property Has 21’ Of Frontage On Busy Flatbush Avenue & Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!!
  • This Property Offers HUGE Upside Potential!!!

OVERVIEW

Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9’ Ceilings, Low Property Taxes, 2,000 Sqft. Basement, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn 2 Blocks From Kings Theatre & Minutes From Prospect Park!!! Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, Shell, Dunkin’, Foot Locker, Taco Bell, McDonald’s, Wendy’s, Chipotle, Auntie Anne’s, Wingstop, Subway, Popeye’s Louisiana Kitchen, Checkers, Burger King, Five Below, IHOP, +++!!! The Property Has 21’ Of Frontage On Busy Flatbush Avenue!!! This Property Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL):  $96,000 Ann. 2nd Floor Office (2,000 Sqft.): $60,000 Ann 3rd Floor Front Office: $31,200 Ann 3rd Floor Rear Office: $34,800 Ann. (Available) Pro Forma Gross Income: $222,000 Ann. Expenses: Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Water & Sewer: $458 Ann. Insurance: $2,823 Ann. Taxes: $26,165.40 Ann. Total Expenses: $29,696.40 Ann Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)

FOR SALE DETAILS

PRICE

$2,688,000 USD

PRICE/SF

$448 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C4-4A

APN/PARCEL ID

05102-0035

ASK ABOUT THIS PROPERTY

Matthew ShaneAll Island CommercialMore Info
516-279-8828

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Matthew ShaneAll Island CommercialMore Info
516-279-8828

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