1397 Flatbush Ave Brooklyn, NY
Call to check price and availability
Turn-key investment property with retail and residential income.
Type:RETAIL
Property size:
2,280 SFLot size:
0.02 AcresPrice / SF:
$537/SF- Added:
- Jul 31, 2025
- Days on Market:
- 269
- Last Refresh:
- Apr 5 at 10:47 pm
Property Features for 1397 Flatbush Ave
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Lot size
- 0.02 Acres
- Property subtype
- RETAIL
Listing agent Alex Svetlakou
Listing office RIPCO Real Estate - Brooklyn (718) 233-6565
Listing date Jul 31, 2025
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
Brooklyn Mixed-Use Building For Sale
This is a three-story, 2,280 square foot masonry mixed-use building situated on a single tax lot. The ground floor retail space is leased to a hair salon until April 2035. The two upper free-market apartments feature two-bedroom layouts and are leased for $2,842 per month and $2,500 per month, respectively. The property currently generates over $103,000 gross annually and has a favorable Tax Class 1, which limits future tax increases. Zoned R7A with a commercial overlay, the property offers additional air rights that may be used to add a floor in the future. It is located on one of Brooklyn’s busiest retail corridors, within four blocks of Brooklyn College and near numerous stores, restaurants, and other conveniences. Situated between the Newkirk Av 2, 5 Station and the Newkirk Plaza B, Q Station, the property provides convenient connectivity across Brooklyn and to other boroughs. This renovated, turn-key investment asset is located on a busy corridor with high pedestrian foot traffic in a rapidly evolving market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Distinction Ta2 Tattoos
Tattoo & Piercing Shop
L&L barbershop
Hair Salon
Gothic City Ink
Tattoo & Piercing Shop
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9517
- Latitude
- 40.637
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turn-key investment property with retail and residential income.
Where is this mixed-use property located?
The property is located at 1397 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: High‑traffic location on a busy Brooklyn retail corridor near Brooklyn College and multiple transportation options (2, 5, B, Q trains).; Turn‑key investment property generating over $103K gross annually.; Favorable Tax Class 1 limits future tax increases.
