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    Property profile & analytics
    OFF-MARKET Estimated value $36,410,000
    Retail residential properties

    1640 Flatbush Ave, Brooklyn, NY 11210-3251

    168,280 SF 0.41 ac lot Built 2023
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US63-1182716
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents 26,130 square feet of prime commercial space at 1640 Flatbush Avenue in Brooklyn, New York, within Kings County. The property is a two-story building offering multiple tenancy options, with a minimum divisible space of 12,355 square feet and a maximum contiguous space of 13,774 square feet. Currently, the entire 26,130 square feet is vacant, presenting a unique chance for a single tenant or multiple tenants to occupy this high-visibility location. The building boasts robust power capabilities, featuring a 2000 amp / 720.5KW service with 208/120V, 3-phase, 4-wire configuration. Elevators are available for convenient access to both floors. The property's street retail and mixed-use zoning provides flexibility for a wide range of businesses. Its address in the vibrant Flatbush Avenue corridor ensures high foot traffic and excellent visibility. This is an unparalleled chance to establish a strong presence in a bustling Brooklyn neighborhood. The zip code is 11210. The property's latitude and longitude coordinates are 40.6303636 and -73.9454193 respectively.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 2023
    Total area 168,280 SF
    Lot 0.41 ac (17,985 SF)
    Zoning code C44D
    APN 07577-0060
    UPID US63-1182716
    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
    • Mitchell Cordelia Book Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $27.83M
    Blend (final) Blend
    $36.41M
    Owner & transaction history
    1640 Flatbush Oz Owner LLC · 5 yrs held
    1640 Flatbush Oz Owner LLC
    since 2021
    7 recorded transactions
    2021
    2021
    2020
    $16.2M
    2015
    $6.8M
    2011
    $3.9M
    2011
    $2.9M
    2011
    $254,000
    Zoning & alternative use
    C44D · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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