1135 Flatbush Avenue
Mixed Use | 4,410 SqFt
Marketing description
Mixed-use property at 1135 Flatbush Avenue in Brooklyn, NY featuring 4,410 SF of current built area on a 2,110 SF lot with significant development potential. The property has 4,030 SF of additional buildable area with a maximum buildable area of 8,440 SF. Currently generating income from multiple tenants including commercial and residential units.
Investment highlights
1135 Flatbush Avenue, Brooklyn, NY
Corner Lot | 3 Commercial Spaces | 4 Residential Apartments | 4,000 sqft Extra Buildable
Prime Mixed-Use Investment Opportunity
1135 Flatbush Avenue presents a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most active commercial corridors. Situated on a 2,110 SF corner lot with excellent visibility, the property benefits from strong residential and retail demand, making it ideal for both investors and developers.
The existing building contains approximately 4,410 SF of built space and generates a current Net Operating Income (NOI) of $147,052 annually, with projected NOI reaching $183,856 annually through rent optimization and market-rate leasing.
Property Highlights
Corner mixed-use property on Flatbush Avenue
Lot Size: 2,110 SF
Building Size: 4,410 SF
Zoning: R7A / C2-4
Current FAR: 2.09
Maximum Buildable Area: 8,440 SF
Additional Buildable Area Available: 4,030 SF
Southeast corner exposure
Strong retail frontage and residential rental income
Annual Property Taxes: $31,892
Investment Opportunity
With over 4,000 SF of unused development rights, investors have the opportunity to expand the existing structure and unlock substantial additional value. The property's location along the Flatbush Avenue corridor offers excellent transportation access, high pedestrian traffic, and long-term appreciation potential.
Whether you're seeking a stable cash-flowing asset, a value-add opportunity, or a future development play, 1135 Flatbush Avenue delivers immediate income with significant upside.
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