Property profile

2450 Flatbush Ave Brooklyn, NY 11230

OFF-MARKET
Retail properties & Spaces
15,300 SF Built 1987
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Property summary

AI-generated overview

Exceptional investment opportunity: a vacant, two-story storefront totaling 15,300 square feet situated on a 6,000 square foot lot in Brooklyn, New York. This property, built in 1987, boasts a 60-foot frontage and features three selling floors, including a lower level. The building is zoned C8-1 and offers a compelling 5.20% cap rate with a Net Operating Income (NOI) of $260,320, and an asking price of $5,000,000. The location at 2450 Flatbush Avenue, zip code 11230, is highly desirable, directly across from Kings Plaza Shopping Center and near prominent landmarks such as Floyd Bennett Field, Aviator Sports and Events Center, Marine Park, and Marine Park Golf Course. Conveniently located just 2.0 miles from the Avenue U Subway Station, this property offers excellent accessibility. The property is currently vacant and ready for immediate occupancy, presenting a unique chance to establish a thriving retail business or secure a strong investment in a prime Brooklyn location. The property's address is 2450 Flatbush Ave, Brooklyn, NY 11230, with APN 08542-0060.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1987
Total area 15,300 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

2450 Flatbush Ave Brooklyn, NY 11230
Brooklyn metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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