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$ 2,988,000
Est. payment | /mo
7 Baths
4,410 SqFt
$ 2,988,000
Est. payment | /mo
7 Baths
4,410 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,410 sqft
Price per Sqft $677
MLS Listing ID 11816802
Full Baths 7
Annual Tax Amount $31,892
Lot Size 2,110 Sqft
Property Description
1135 Flatbush Avenue, Brooklyn, NY Corner Lot | 3 Commercial Spaces | 4 Residential Apartments | 4,000 sqft Extra Buildable Prime Mixed-Use Investment Opportunity 1135 Flatbush Avenue presents a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most active commercial corridors. Situated on a 2,110 SF corner lot with excellent visibility, the property benefits from strong residential and retail demand, making it ideal for both investors and developers. The existing building contains approximately 4,410 SF of built space and generates a current Net Operating Income (NOI) of $147,052 annually, with projected NOI reaching $183,856 annually through rent optimization and market-rate leasing. Property Highlights Corner mixed-use property on Flatbush Avenue Lot Size: 2,110 SF Building Size: 4,410 SF Zoning: R7A / C2-4 Current FAR: 2.09 Maximum Buildable Area: 8,440 SF Additional Buildable Area Available: 4,030 SF Southeast corner exposure Strong retail frontage and residential rental income Annual Property Taxes: $31,892 Investment Opportunity With over 4,000 SF of unused development rights, investors have the opportunity to expand the existing structure and unlock substantial additional value. The property's location along the Flatbush Avenue corridor offers excellent transportation access, high pedestrian traffic, and long-term appreciation potential. Whether you're seeking a stable cash-flowing asset, a value-add opportunity, or a future development play, 1135 Flatbush Avenue delivers immediate income with significant upside. Property Highlights Corner mixed-use property on Flatbush Avenue Lot Size: 2,110 SF Building Size: 4,410 SF Zoning: R7A / C2-4 Maximum Buildable Area: 8,440 SF Additional Buildable Area Available: 4,030 SF Southeast corner exposure Strong retail frontage and residential rental income Annual Property Taxes: $31,892
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Story 3
NEARBY SCHOOL & BUSINESS