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    2172 Flatbush Avenue Ext Brooklyn, NY 11234

    For Sale
    $1,900,000

    Prime Brooklyn location, two units, high traffic.

    Property size:
    3,780 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional commercial property at 2172 Flatbush Avenue in Brooklyn, New York, presents a lucrative investment opportunity. The building boasts 3,780 square feet of space, divided into two units, ideal for a variety of commercial uses. The property features a full finished legal basement, adding approximately 4000 square feet of usable space. The building is equipped with a central HVAC system, including central air conditioning and heating, and a sprinkler system, ensuring optimal comfort and safety. The lot size is 1,800 square feet, and the building offers ceiling heights ranging from 8 to 10 feet. Two parking spots are included, a valuable asset in this high-traffic area. Located in the desirable Flatlands/Marine Park neighborhood, this property benefits from its prime position on Flatbush Avenue, ensuring high visibility and accessibility. The asking price is $1,900,000, with a projected cap rate of 7% at $35 per square foot per year. This is a motivated seller situation, so submit your offer with proof of funds. The property is currently vacant and ready for immediate occupancy. Suitable uses include retail, restaurant, office, nail salon, or cosmetology. This is a rare opportunity to acquire a well-maintained commercial building in a thriving Brooklyn neighborhood.

    Property Features for 2172 Flatbush Avenue Ext

    General Information

    Property type
    Restaurants
    Square Feet
    3,780 SF

    Building Details

    Units
    2

    HighLights

    • 3,780 SF commercial building plus a 4,000 SF finished basement in Brooklyn, NY.
    • Central HVAC and sprinkler system.
    • 1,800 SF lot with 8‑10' ceilings and two parking spaces.
    • Located on Flatbush Avenue in Flatlands/Marine Park with high visibility.
    • Asking price: $1,900,000, projected 7% cap rate.
    • Currently vacant and ready for immediate occupancy; suitable for retail, restaurant, office, or personal services.
    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
    -73.9310037
    Latitude
    40.6168465

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    FAQs

    What type of property is this?
    Restaurant - Prime Brooklyn location, two units, high traffic.
    Where is this restaurant located?
    The property is located at 2172 Flatbush Avenue Ext Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 3,780 SF commercial building plus a 4,000 SF finished basement in Brooklyn, NY.; Central HVAC and sprinkler system.; 1,800 SF lot with 8-10' ceilings and two parking spaces.
    Request Owner's contact information
    2172 Flatbush Avenue Ext Brooklyn, NY 11234
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    Brooklyn, NY 11234
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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
    2172 Flatbush Avenue Ext Brooklyn, NY 11234
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