Property summary
This exceptional retail property, located at 8702 Flatlands Avenue in Kings County (Brooklyn), presents a unique investment opportunity. The building, constructed in 1940, offers a total of 1,936 square feet of space across two stories. The single-tenant occupancy allows for immediate use and customization to suit a variety of business needs. Situated on a 1,613 square foot lot, the property boasts a highly desirable corner location, enhancing visibility and accessibility. The building features approximately 1,000 square feet on the main level, complemented by a full finished basement, providing ample storage or additional usable space. A significant advantage is the inclusion of a private backyard and a convenient rear entrance, offering flexibility for operations and customer access. The property is in very good condition, minimizing upfront capital expenditures. Its prime location makes it suitable for a wide range of retail businesses, capitalizing on high foot traffic and strong local demographics. This is an excellent chance to acquire a well-maintained, established retail space in a thriving Brooklyn neighborhood. The property's size, features, and location combine to create a compelling investment prospect with significant potential for return.
Property profile
VerifiedCap rate & NOI
Current use
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Training Center
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R5D · Brooklyn, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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