Presenting our latest exclusive at the newly built 950 Flatbush Avenue, a rare mixed-use investment opportunity located in one of Brooklyn’s busiest and most established commercial corridors. This well-maintained property features five residential units plus one established retail store FREE MARKET, offering strong in-place income and long-term upside.
Property Highlights
Lot Size: 20' x 113.67'
Building Size: 20' x 55'
Zoning: R7A / C4-4A (R7A Equivalent)
Stories: 3
Basement: Full walk-out basement
Asking Price: $3,200,000
Residential Configuration
1 Studio Garden Apartment
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Commercial Component
The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month.
Investment Potential
Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of:
Strong current cash flow
Creditworthy retail tenancy
Desirable residential unit mix
Finished basement for additional utility
Valuable mixed-use zoning with potential for future development
Location
Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities.
This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn’s most dynamic and consistently performing investment markets.