2413-2459 Flatbush Avenue Brooklyn, NY 11234
Core Retail Investment: 12,000 SF Assemblage
Marketing 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: $10,000,000
- Net Operating Income (NOI): $650,000
- Cap Rate: 6.5%
- Total Building Area: 12,000 SF
- Total Lot Area: 12,250 SF
- Occupancy: Near-Stabilized (Strategic Lease-up Opportunity)
Investment highlights
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.
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