1159 Flatbush Ave, Brooklyn, NY 11226
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.
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First Grace Community Church Church
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.