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Property profile

8702 Flatlands Ave Brooklyn, NY 11236

OFF-MARKET
Investment properties
Property ID
US63-3911058
View Sample
1,936 SF 0.04 ac lot Built 1940
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1940
Total area 1,936 SF
Lot 0.04 ac (1,613 SF)
Zoning code R5D
APN 08024-0036
UPID US63-3911058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R5D · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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