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Property profile & analytics
OFF-MARKET Estimated value $895,000
Investment properties

591 Flatbush Ave Brooklyn, NY 11225-4903

3,312 SF 0.03 ac lot Built 1925
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US63-6113406
Property summary
AI-generated overview

This exceptional 1,100 square foot storefront retail space is ideally situated at 591 Flatbush Avenue in Brooklyn, New York, 11225. Boasting excellent visibility and high foot traffic, this property presents a remarkable opportunity for a variety of businesses. The space features large display windows, perfect for showcasing merchandise and attracting customers. In addition to the main floor, a full basement provides ample storage or additional usable space. This versatile location is suitable for a range of uses, including but not limited to salons, phone accessory stores, boutiques, or even office space. The property is offered as a net lease, with the tenant responsible for one-third of the real estate property taxes and all utilities, including gas and electricity. This vibrant Brooklyn neighborhood ensures a steady stream of potential customers, making this storefront an exceptional investment opportunity. The property is located in Kings County and offers a prime location for businesses seeking high visibility and a strong customer base. Don't miss this chance to establish your business in a thriving area.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 3,312 SF
Lot 0.03 ac (1,450 SF)
Zoning code R7-1
APN 05034-0004
UPID US63-6113406
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
  • Available Plumbing and Heating Plumbing Service General Contractor
  • Tafari Tribe Aromatherapy Supply Store General Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$895k
Owner & transaction history
591 Flatbush Realty LLC · 21 yrs held
591 Flatbush Realty LLC
since 2005
3 recorded transactions
2005
$650,000
2004
$400,000
1969
Price N/A
Zoning & alternative use
R7-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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