Retail Storefront with
For Sale
$759,000
2346 Flatbush Avenue, Brooklyn, NY 11234
Flexible retail and office space includes two full bathrooms and a private outdoor area.
Property Size2,200 SF
Price / SF$345
Days on Market48
Property Features for 2346 Flatbush Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Commercial
Amenities
2 Full Baths
Private Backyard
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach · License #STAIM1078
(718) 676-1755
Source:
Prideestates
Added: Sep 20
Changed: Nov 4
Last Checked: Nov 4 at 1:02PM
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 Brooklyn Residential R E Serv
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Investment Insights
Based on property information with market context.
This 2,200-square-foot storefront property on Flatbush Avenue combines retail and office functionality with two full bathrooms and a private backyard. The layout supports a range of commercial applications, including fitness, personal training, physical therapy, insurance, financial services, accounting, and real estate uses as identified for the space.
The property is located at 2346 Flatbush Avenue in Brooklyn, near a busy corner Dunkin’ Donuts and within minutes of Mill Basin and Kings Plaza. Its Flatbush Avenue position provides a visible setting for customer-facing operations and professional services.
The property is located at 2346 Flatbush Avenue in Brooklyn, near a busy corner Dunkin’ Donuts and within minutes of Mill Basin and Kings Plaza. Its Flatbush Avenue position provides a visible setting for customer-facing operations and professional services.
Key Highlights
- 2,200‑square‑foot storefront property
- Two full bathrooms
- Private backyard included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,886
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,720
$1.1M
Cap Rate 7%
$784,086
$784.1K
Cap Rate 9%
$609,844
$609.8K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$95.0K $43.20/SF
− Vacancy
−$21.9K −$9.94/SF
EGI
$73.2K $33.26/SF
− OpEx
−$18.3K −$8.32/SF
NOI
$54.9K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,720
Cap Rate 7%
$784,086
Cap Rate 9%
$609,844
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,500 @ 7.0% cap · market cap 13.90%
Second Best
Office B
$784.1K
$686.1K – $914.8K
NOI $54,886 @ 7.0% cap · market cap 7.23%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 16.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible retail and office space includes two full bathrooms and a private outdoor area.
Where is this storefront property located?
The property is located at 2346 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: 2,200‑square‑foot storefront property; Two full bathrooms; Private backyard included
