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    1389 Flatbush Ave Brooklyn, NY 11210

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    For Sale
    $2,350,000

    Turn-key retail asset with long-term value-add potential.

    Property size:
    5,060 SF
    Lot size:
    0.05 Acres

    Property Features for 1389 Flatbush Ave

    General Information

    Size
    5,060 SF
    Lot size
    0.05 Acres

    Source: RIPCO Real Estate - Brooklyn Agent Alex Svetlakou

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Investment Opportunity

    This is a fully renovated, immaculate turn-key investment asset. It offers a long-term, value-add opportunity from repositioning the asset utilizing the available air rights. The property is located in one of Brooklyn’s busiest retail corridors, within 4 blocks of Brooklyn College and dozens of stores, restaurants and other conveniences. Situated between the Newkirk Av 2, 5 Station and the Newkirk Plaza B, Q Station, the location provides convenient connectivity across Brooklyn and to other boroughs. The property size is 5060 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    METAMUSCLE LLC. Fitness Center Outpost Club | Newkirk ... Property Management Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Honieb Floral, Bridal & Wedding Bouquet Flowers Brooklyn, Floral Decorators Brooklyn, R C Enterprises, New Brooklyn Florist

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.951664
    Latitude
    40.637004

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    FAQs

    What type of property is this?
    Storefront property - Turn-key retail asset with long-term value-add potential.
    Where is this storefront property located?
    The property is located at 1389 Flatbush Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: - Fully renovated, turn-key investment property.; - Value-add opportunity through repositioning with available air rights.; - Located in Brooklyn’s busiest retail corridor.
    (718) 233-6565
    Request Owner's contact information
    1389 Flatbush Ave Brooklyn, NY 11210
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    Brooklyn, NY 11210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1389 Flatbush Ave Brooklyn, NY 11210
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