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1389 Flatbush Ave Brooklyn, NY

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For Sale
$2,350,000

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

Type:RETAIL
Property size:
5,060 SF
Lot size:
0.05 Acres
Added:
May 21, 2024
Days on Market:
682
Last Refresh:
Mar 29 at 9:40 pm

Property Features for 1389 Flatbush Ave

General Information

Standard status
Active
Size
5,060 SF
Lot size
0.05 Acres
Property subtype
RETAIL

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Listing Contact
Alex Svetlakou

Listing agent Alex Svetlakou

Listing office RIPCO Real Estate - Brooklyn

Listing date May 21, 2024

Source Moodyscre

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

All listing content including descriptions, pricing, images are the copyrighted material of RIPCO Real Estate - Brooklyn


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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

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Location Insight

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  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9517
Latitude
40.637

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.
More about this property
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