Vacant Retail and Office
2172 Flatbush Avenue Brooklyn, NY 11234
2172 Flatbush Avenue, Brooklyn, NY, 11234
$1,490,000
For Sale
$1,490,000
COMMERCIAL - Brooklyn, NY
Property Size3,780 SF
Lot Size0.04 Acres
Price / SF$394.18
Days on Market531
Property Features for 2172 Flatbush Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R3-2/C2-2
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 3,780 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 17725
Building Details
- Year built
- 2004
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Concrete, Tile
- Building materials
- Block, Brick, Steel
- Roof type
- Asphalt, Flat
Listing Agency
A P Services Inc
(347) 515-8272
44 Bay 38th St, Brooklyn, NY
Listed by
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Added: Feb 4, 2025 Updated: Jul 12 at 5:38 am Checked: Jul 20 at 5:06 pm
MLS# 489019
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Vacant two-unit commercial/storefront building with HVAC and a sprinkler system, offering central AC and central heat. The property includes approximately 4,000 square feet of space, with a fully finished basement.
The building is located on Flatbush Avenue in the Flatlands/Marine Park area and is described as being in a high-traffic location. Two parking spots are included.
This offering is presented as suitable for multiple commercial uses, including retail, restaurant, office, nail salon, and cosmetology, subject to zoning and approvals.
The building is located on Flatbush Avenue in the Flatlands/Marine Park area and is described as being in a high-traffic location. Two parking spots are included.
This offering is presented as suitable for multiple commercial uses, including retail, restaurant, office, nail salon, and cosmetology, subject to zoning and approvals.
Key Highlights
- Vacant 2‑unit commercial building with storefront space
- Built in 2004 with block, brick, and steel construction
- Approximately 4,000 sq ft total space including a finished basement
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.3k | $43.20 |
| − Vacancy | −$37.6k | −$9.94 |
| EGI | $125.7k | $33.26 |
| − OpEx | −$31.4k | −$8.32 |
| NOI | $94.3k | $24.95 |
3,780 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.59M
$2.27M – $3.02M
NOI $181,268 @ 7.0% cap · market cap 12.17%
Second Best
Office B
$1.35M
$1.18M – $1.57M
NOI $94,303 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,089 @ 7.0% cap · market cap 14.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Vacant two-unit commercial building with HVAC, sprinkler system, central AC and central heat, plus two parking spots.
Where is this storefront property located?
The property is located at 2172 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Vacant 2‑unit commercial building with storefront space; Built in 2004 with block, brick, and steel construction; Approximately 4,000 sq ft total space including a finished basement
