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    OFF-MARKET
    Medical Office Space

    1159 Flatbush Ave, Brooklyn, NY 11226

    2,400 SF
    Property ID
    US63-6002794
    Property summary
    AI-generated overview

    This exceptional two-story, 2,400 square foot commercial building presents a unique investment opportunity in the vibrant Flatbush neighborhood of Brooklyn, New York. Located at 1159 Flatbush Avenue, this Class B property boasts a prime corner location, ensuring high visibility and accessibility for potential tenants. The building is zoned R and is currently configured as a single-tenant space, ideal for a variety of uses, including medical offices, daycare centers, or banking facilities. The building's versatile nature makes it suitable for a range of businesses seeking a prominent presence in a bustling area. The property is available for lease at $14,000 per month, plus 60% of annual taxes and all utilities. Alternatively, the building is available for purchase at $5.8 million. The absence of elevators should be noted. This presents a strong investment opportunity for those seeking a well-located, adaptable commercial space in a thriving Brooklyn community. The building's size and location make it an attractive option for businesses seeking a high-traffic area with excellent visibility. The property is situated in a dynamic neighborhood with a strong local economy and significant foot traffic. The lease terms offer flexibility, and the sale price represents a compelling value proposition for long-term investors.

    Property profile
    Verified
    Property type Medical Office Space
    Total area 2,400 SF
    UPID US63-6002794
    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
    Current use
    Occupant on record · Public records
    • First Grace Community Church Church
    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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