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1389 Flatbush Ave Brooklyn, NY 11210

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For Sale
$2,600,000

Prime Brooklyn location, fully renovated, high potential.

Property size:
3,960 SF

Property Features for 1389 Flatbush Ave

General Information

Property type
Lifestyle centers
Square Feet
3,960 SF

Building Details

Units
1

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Listing Contact
Alex Svetlakou
Alex Svetlakou

Listing Agency: Ripco Real Estate Listing Agent: Alex Svetlakou

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 3,960 square foot shopping center at 1389 Flatbush Avenue in Brooklyn, New York (zip code 11210) is offered for sale at $2,600,000. The property is a fully renovated, turn-key investment opportunity situated on a 1,900 square foot lot (approximately 20' x 98.5' irregular). It's zoned R7A / C2-4, offering significant development potential. The building boasts a 3.45 FAR and a 5.6 IH FAR, with 8,740 total zoning floor area (ZFA) development rights and 4,780 available air rights. This mixed-use retail property is ideally located in one of Brooklyn's busiest retail corridors, just four blocks from Brooklyn College and numerous stores and restaurants. Its convenient location between two subway stations – the Newkirk Av 2, 5 Station and the Newkirk Plaza B, Q Station – provides excellent accessibility throughout Brooklyn and to other boroughs. This immaculate asset presents a long-term value-add opportunity through strategic repositioning, leveraging the substantial available air rights. The property consists of one unit.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

METAMUSCLE LLC. Gym & Fitness Center Outpost Club | Newkirk ... Property Management Company

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.951663
Latitude
40.637003

FAQs

What type of property is this?
Lifestyle center - Prime Brooklyn location, fully renovated, high potential.
Where is this lifestyle center located?
The property is located at 1389 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Fully renovated, turnkey investment opportunity with significant value-add potential through air rights utilization.; Prime Brooklyn location in a high-traffic retail corridor, within walking distance of Brooklyn College and numerous amenities.; Excellent transit accessibility, situated between two subway stations (Newkirk Av 2, 5 and Newkirk Plaza B, Q).
More about this property
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