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    OFF-MARKET
    Retail properties & Spaces

    2064 Flatbush Avenue Ext, Brooklyn, NY 11234

    1,280 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail space, located at 2064 Flatbush Avenue at the corner of Avenue P in Marine Park, Brooklyn, presents a unique investment opportunity. The property boasts a total of 1,280 square feet of retail space, currently vacant and ready for immediate occupancy. The building's history includes a 50-year run as a pharmacy, demonstrating its suitability and longevity in the area. Adding significant value is a substantial 2,000 square foot basement, offering ample storage or expansion potential. The property's corner location provides excellent visibility and accessibility for customers. This high-traffic area ensures strong foot traffic and visibility. The lease terms include the tenant paying one-third of the property taxes, amounting to $1,812 every three months. The monthly rent for the main retail space is $5,500. The property is ideally suited for a variety of retail or professional uses, excluding food-related businesses. Located in Kings County, this property offers a compelling combination of size, location, and history, making it an attractive proposition for discerning businesses.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 1,280 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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