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29285828

859 Flatbush Ave, Brooklyn, NY 11226

JI
NY 10311203437, New York
$2,400,000
141 days on market
Updated 42 days ago

859 Flatbush

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,603
Cap Rate 0.54%
NOI $13,000
Occupancy 55%
Tenancy Multi
Brand/Tenant Pizza Hut, jewelry (+1)
Lease Type Modified
Remaining Term 4
Price per SqFt $428

Great Investment

Marketing description

Prime Commercial Investment Opportunity – 859 Flatbush Avenue, Brooklyn, NY

Exceptional mixed-use commercial property for sale located at the highly visible corner of Flatbush Avenue and Martense Street in the heart of Brooklyn. This well-positioned asset features five (5) commercial units, offering strong upside potential for investors or end users.

Currently 50% occupied, the property provides immediate income with significant value-add opportunity through lease-up or repositioning. High foot traffic, excellent street exposure, and proximity to public transportation make this an ideal location for retail, service, or professional tenants.

Property Highlights:

  • Five (5) commercial units

  • 50% occupied – upside in rents

  • Prominent corner location

  • Heavy foot & vehicle traffic

  • Located on Flatbush Avenue retail corridor

  • Close to shops, restaurants, schools & transit

  • Strong long-term investment potential

A rare chance to acquire a corner commercial property on Flatbush Avenue, one of Brooklyn’s most active thoroughfares.

Serious inquiries only. Contact for pricing and additional details.

Investment highlights

Prime Commercial Investment Opportunity – 859 Flatbush Avenue, Brooklyn, NY

Exceptional mixed-use commercial property for sale located at the highly visible corner of Flatbush Avenue and Martense Street in the heart of Brooklyn. This well-positioned asset features five (5) commercial units, offering strong upside potential for investors or end users.

Currently 50% occupied, the property provides immediate income with significant value-add opportunity through lease-up or repositioning. High foot traffic, excellent street exposure, and proximity to public transportation make this an ideal location for retail, service, or professional tenants.

Property Highlights:

  • Five (5) commercial units

  • 50% occupied – upside in rents

  • Prominent corner location

  • Heavy foot & vehicle traffic

  • Located on Flatbush Avenue retail corridor

  • Close to shops, restaurants, schools & transit

  • Strong long-term investment potential

A rare chance to acquire a corner commercial property on Flatbush Avenue, one of Brooklyn’s most active thoroughfares.

Serious inquiries only. Contact for pricing and additional details.

Listing Contacts

JI
NY 10311203437, New York

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$13,000.00
$1,083.33/mo

Valuation Metrics

0
DSCR
0.54%
Cap Rate
0.54%
ROI

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Additional Information

Name
Javed Iqbal
License
10311203437
Brokerage
Kaloshi Real Estate
Title
Javed Iqbal
Brokerage Address
915 Coney Island Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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