Flatbush Mixed-Use

Property Overview

Gross Building Area:  +/-4,000 SF
Composition:  2-Retail Units & 1-Residential Unit
Retail:  1st Floor - 1,800 SF 
            2nd Floor - 1,100 SF
Residential:  3rd Floor - 1,100 SF
Neighborhood:  Flatbush
Lot Size:  20' X 100' or 1,926 SF
Zoning:  R7A, C2-4
Max FAR:  7,704 SF
Unused FAR:  +/-3,704 SF

Executive Summary

Located on the vibrant and high-traffic Flatbush Avenue retail corridor, mid-block between Church Avenue and Martense Street, 871 Flatbush offers exceptional visibility and investment potential. 

This mixed-use property is currently composed of 3-units; 2-retail units on the 1st and 2nd floors, and 1-residential unit on the 3rd floor, a conversion of the 2nd floor retail unit back to a 3-bedroom rental unit would create additional income. In addition, unused FAR of +/-3,704 SF allows for a future redevelopment.

871 Flatbush is ideally located just a few blocks from the Church Avenue stop for the B & Q trains and steps from the stops for the B35 and B41 busses.

Value add plays through renovation, composition change, and redevelopment offers a strong rental income potential in a highly desirable Brooklyn location. A great opportunity for investors seeking both residential and commercial returns.

Basic Terms of Sale

This property will be delivered in “as-is, where-is” condition.  Any sale of this property is "all-cash" and will not be contingent upon financing.  Purchaser to pay all applicable transfer taxes plus a six percent (6%) buyer's premium.  This property will be sold free and clear of all liens, claims, and encumbrances.

Disclosure

All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.