Property profile

591 Flatbush Avenue Ext Brooklyn, NY 11225

OFF-MARKET
Retail properties & Spaces
3,312 SF Built 1925
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 1925
Total area 3,312 SF

Cap rate & NOI

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

Location

591 Flatbush Avenue Ext Brooklyn, NY 11225
Brooklyn metro
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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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