Retail Building for
For Sale
Contact for pricing
2413-2459 Flatbush Avenue, Brooklyn, NY 11234
For sale retail building totaling about 12,000 SF on a 12,250-square-foot lot with near-stabilized occupancy.
Property Size12,000 SF
Lot Size0.28 Acres
Price / SF$708.33
Days on Market193
Property Features for 2413-2459 Flatbush Avenue
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
3
Lot size
0.28 Acres
Property subtype
Office
Net Operating Income
$650,000
Additional Details
Cap Rate
6.5%
Building Details
Tenancy
Multi
Listing Agency:
Capline Consolidated
Listed By:
Robert Shiryak · License #NY10491213394
(347) 908-7623
Source:
Crexi
Added: Apr 23
Changed: Oct 26
Last Checked: Nov 1 at 3:04AM
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 Capline Consolidated
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail building totals approximately 12,000 square feet of retail space on a 12,250-square-foot lot. The offering is positioned as a near-stabilized asset, with the remarks indicating a strategic lease-up opportunity.
The property is located at 2413-2459 Flatbush Avenue in Brooklyn, New York. The listing information provided includes an asking price of $10,000,000, with Net Operating Income (NOI) of $650,000 and a stated cap rate of 6.5%.
The provided transaction details frame the asset as a packaged retail opportunity for institutional investors and private operators, supported by the stated building and lot totals and the near-stabilized occupancy status.
The property is located at 2413-2459 Flatbush Avenue in Brooklyn, New York. The listing information provided includes an asking price of $10,000,000, with Net Operating Income (NOI) of $650,000 and a stated cap rate of 6.5%.
The provided transaction details frame the asset as a packaged retail opportunity for institutional investors and private operators, supported by the stated building and lot totals and the near-stabilized occupancy status.
Key Highlights
- ~12,000 SF retail building for sale on a ~12,250 SF lot
- Near‑stabilized occupancy, offering a strategic lease‑up opportunity
- Asking price: $10,000,000; NOI: $650,000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$575,455
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,509,100
$11.5M
Cap Rate 7%
$8,220,786
$8.2M
Cap Rate 9%
$6,393,944
$6.4M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$933.1K $77.76/SF
− Vacancy
−$111.0K −$9.25/SF
EGI
$822.1K $68.51/SF
− OpEx
−$246.6K −$20.55/SF
NOI
$575.5K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,509,100
Cap Rate 7%
$8,220,786
Cap Rate 9%
$6,393,944
Alternative Uses
Best Use
Retail
$8.22M
$7.19M – $9.59M
NOI $575,455 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.94M
$8.69M – $11.59M
NOI $695,520 @ 7.0% cap · market cap 8.18%
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
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 40%
Apparel 27%
Shops & Services 17%
Electronics 6%
New York Marriott at the Brooklyn Bridge
Hotels & Casinos
48,622 visits/mo
0.5 miles
Goodwill
Apparel
18,116 visits/mo
0.3 miles
Mobil
Shops & Services
10,567 visits/mo
0.3 miles
The UPS Store
Shops & Services
9,497 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
7,424 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - For sale retail building totaling about 12,000 SF on a 12,250-square-foot lot with near-stabilized occupancy.
Where is this retail space located?
The property is located at 2413-2459 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: ~12,000 SF retail building for sale on a ~12,250 SF lot; Near‑stabilized occupancy, offering a strategic lease‑up opportunity; Asking price: $10,000,000; NOI: $650,000
