Property profile

2064 Flatbush Avenue Ext Brooklyn, NY 11234

OFF-MARKET
Retail properties & Spaces
1,280 SF
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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

Location

2064 Flatbush Avenue Ext Brooklyn, NY 11234
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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