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    591 Flatbush Avenue Ext Brooklyn, NY 11225

    For Lease
    $16 SF/Yr ($4,498 /Mo)

    Prime Brooklyn Retail, High Traffic Location

    Lot size:
    3,312 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 3,312 square foot retail space at 591 Flatbush Avenue in Kings County (Brooklyn) presents a unique investment opportunity. Built in 1925, this three-story building boasts a single tenant occupancy and sits on a 1,455 square foot lot. The property features approximately 1,100 square feet of main floor retail space, perfect for showcasing merchandise through expansive display windows, attracting substantial foot traffic from its high-visibility location. A full basement provides additional versatile space, ideal for storage or expansion. The property's adaptability makes it suitable for a variety of businesses, including salons, boutiques, phone accessory stores, or even office space. This vibrant neighborhood ensures a consistent flow of potential customers. The lease structure is a net lease, with the tenant responsible for one-third of the real estate property taxes and all utilities, including gas and electricity. This turnkey property offers immediate occupancy and the chance to establish a thriving business in a prime Brooklyn location. Don't miss this chance to secure a highly visible and well-situated retail space in a bustling commercial area.

    Property Features for 591 Flatbush Avenue Ext

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,312 SF
    Total Rate
    4498.8

    Building Details

    Year Built
    1925
    Stories
    3

    Unit(s) available at that property

    Space
    591 Flatbush Avenue
    Size
    3,312 SF
    Rate per SF
    $16

    HighLights

    • Prime Flatbush Avenue retail storefront, 3,312 square feet.
    • Single‑tenant occupancy.
    • 1,455 square foot lot.
    • Three‑story building, constructed in 1925.
    • Located in Kings County (Brooklyn).
    • Net lease; tenant pays 1/3 of property taxes and utilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9602631
    Latitude
    40.6590835

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    FAQs

    What type of property is this?
    Retail property - Prime Brooklyn Retail, High Traffic Location
    Where is this retail property located?
    The property is located at 591 Flatbush Avenue Ext Brooklyn, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime Flatbush Avenue retail storefront, 3,312 square feet.; Single-tenant occupancy.; 1,455 square foot lot.
    Request Owner's contact information
    591 Flatbush Avenue Ext Brooklyn, NY 11225
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    Brooklyn, NY 11225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    591 Flatbush Avenue Ext Brooklyn, NY 11225
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