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Mixed-Use Property with Air Rights
For Sale
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357 Flatbush Avenue, Brooklyn, NY 11238

Three commercial units and two residential units support a diversified mixed-use configuration on an active Brooklyn corridor.

Property SizeContact for details
Days on Market144

Property Features for 357 Flatbush Avenue

General Information

Standard status Active
Property subtype Retail, Mixed Use
Net Operating Income $746,191

Additional Details

Frontage 75 ft

Building Details

Buildings 1
Tenancy Multi
Listing Agency: TerraCRG
Listed By: Dan Marks · License #NY 10301207091
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 4:23PM

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 TerraCRG

Investment Insights

Based on property information with market context.

This mixed-use building combines three commercial units with two residential units above. Ground-floor occupants include Dunkin Donuts and True North Urgent Care, while Kings Pharmacy uses two floors within the property. The commercial businesses are described as essential businesses that remain open and operating.

The building fronts Flatbush Avenue with 75 feet of frontage and offers a 4.0 FAR along with 13,336 SF of available air rights. Its position between Park Place and Sterling Place places it near Barclays Center and within reach of Atlantic Terminal, a major transportation hub serving 11 subway lines and the LIRR. The surrounding area includes brownstones, pre-war and new residential development, and a high-density pedestrian environment.

Key Highlights

  • 13,336 SF of available air rights
  • 4.0 FAR
  • 75 feet of frontage on Flatbush Avenue

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Nursing Home Auto Parts Store Pet Grooming Service Adult Day Care Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

11,936
Businesses Nearby
138k
Monthly Visits Nearby

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 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Three commercial units and two residential units support a diversified mixed-use configuration on an active Brooklyn corridor.
Where is this mixed-use property located?
The property is located at 357 Flatbush Avenue Brooklyn, NY.
What are key features of this property?
This property features: 13,336 SF of available air rights; 4.0 FAR; 75 feet of frontage on Flatbush Avenue
More about this property
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