Retail Building for
2413-2459 Flatbush Avenue Brooklyn, NY 11234
2413-2459 Flatbush Avenue, Brooklyn, NY, 11234
Contact for pricing
For Sale
Contact for pricing
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$833.33
Days on Market91
Property Features for 2413-2459 Flatbush Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.28 Acres
- Property subtype
- Retail
Listing agency
Capline Consolidated
(347) 908-7623
Listed by
Robert Shiryak · License #NY10491213394
Source
Crexi
Added: Apr 23 Updated: Jul 22 at 5:37AM Checked: Jul 22 at 5:37AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $933.1k | $77.76 |
| − Vacancy | −$111.0k | −$9.25 |
| EGI | $822.1k | $68.51 |
| − OpEx | −$246.6k | −$20.55 |
| NOI | $575.5k | $47.95 |
12,000 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.22M
$7.19M – $9.59M
NOI $575,455 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.94M
$8.69M – $11.59M
NOI $695,520 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 $10,000,000.
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
