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$ 8,500,000
Est. payment | /mo
12,000 SqFt
$ 8,500,000
Est. payment | /mo
12,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $708
MLS Listing ID 11982005
Annual Tax Amount $162,000
Lot Size 0.275 Acres
Property Description
Capline Consolidated has been exclusively retained to arrange the sale of 2413-2459 Flatbush Avenue, a premier commercial asset positioned within one of Brooklyn's most resilient retail corridors. Comprising approximately 12,000 square feet of prime retail space on a 12,250-square-foot lot, this offering represents a high-yield opportunity for institutional investors and private operators alike. Asking Price: $8,500,000 Net Operating Income (NOI): $537,322.52 Cap Rate: 6.32% Total Building Area: 12,000 SF Total Lot Area: 12,000 SF Near Full Occupancy (Strategic Lease-up Opportunity) This asset is defined by its strategic location at the nexus of four affluent and densely populated Brooklyn enclaves: Mill Basin, Marine Park, Bergen Beach, and Flatlands. As a dominant retail strip on a high-traffic thoroughfare, the property captures a relentless stream of both vehicular and pedestrian commerce, ensuring long-term tenant viability and consistent cash flow. Institutional-Grade Stability: The current tenant roster is composed of high-performing operators, demonstrating the strength of this specific sub-market. Optimized for 1031 Exchange: With limited landlord responsibilities and a streamlined management profile, this asset is an ideal vehicle for an investor seeking a hands-off, "institutional-grade" addition to their portfolio. Logistical Dominance: Situated on Flatbush Avenue, the property benefits from unparalleled visibility and serves as a vital commercial hub for the surrounding residential neighborhoods.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
Building
Story 1
Nearby Locations
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