779 Flatbush AveBrooklyn, NY 11226

Property Details for 779 Flatbush Ave

Year built

1925

Lot size

0.12 AC

Property size (Sq ft)

20,295 SF

Zone code

R7A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

05064-0001

APU

50640001

Description

This exceptional Class A retail property at 779 Flatbush Avenue in Brooklyn, NY, offers up to 4,107 square feet of versatile space in a brand-new, six-story building completed in 2024. The property is ideally suited for multiple tenants, with a minimum divisible space of 703 square feet and a maximum contiguous space of 2,107 square feet. Currently, the entire 4,107 square feet is available for lease. Located at the corner of Flatbush Avenue and Lenox Road, this space boasts exceptional visibility and accessibility. The building features modern architecture with a sleek brick façade and is equipped with new HVAC and gas systems. Its prime location in the East Flatbush submarket places it near major transportation hubs, including the Q, 2, and 5 subway lines, and several bus routes (B16, B44, B49, B68). The property benefits from proximity to popular attractions such as Prospect Park, Barclays Center, and the Brooklyn Botanic Garden, ensuring high foot traffic and visibility. This is a unique opportunity to establish a presence in one of Brooklyn's most vibrant and growing commercial corridors. The zip code is 11226.

• CAP approach

  CAP return

  Valuation

  6%

  $4,160,658

  6.5%

  $3,840,608

  7%

  $3,566,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,110,204

  Geo Method

  $4,110,204

• Alternative Use

  Use

  Valuation

  Residential

  $3,840,608

  Hospitality

  $3,517,976

  Educational

  $2,926,915

  Medical

  $3,027,576

  Retail

  $4,552,978

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6538

Longitude

-73.9592

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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