2064 Flatbush Avenue Ext, Brooklyn, NY 11234
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.