Listed by JA Cohen Advisory Group LLC
$6,000,000
1004 Flatbush Ave
Details
APN 05125-0020
Property Type Retail
Sub Type Storefront
Square Footage 12,222
Cap Rate 5.90%
NOI $355,971
Occupancy 100%
Tenancy Multi
Brand/Tenant PLS Check Cashiers of NY, Chipotle Mexican Grill #4491
Lease Expiration 04/29/2032
Rent Bumps Yes
Lease Options Chipotle: Three (3) five-year options. PLS: One (1) five-year option remaining
Price per SqFt $238
Lot Size (SqFt) 6,426
Zoning C4-4A / R7X equiv
1004 Flatbush Ave, Brooklyn, NY 11226
Marketing description
Positioned along one of Brooklyn's busiest commercial corridors, this fully occupied retail asset offers investors secure long-term cash flow anchored by established tenants with lease terms extending through 2032. Beyond its stable income stream, the property features valuable air rights, creating a compelling opportunity for future development and long-term appreciation. Combining durable tenancy with redevelopment potential, this is a rare Brooklyn investment offering both immediate returns and scalable upside.
Investment highlights
- Strong National Tenancy & Stable Cash Flow
- Fully occupied retail asset
- Lease terms extending through 2032
- Valuable air rights - 12,990 SF unused
- Max buildable area: 25,224 SF
- Current built area: 12,234 SF
- FAR: 1.94 / 4 allowed
- GRM: 10.5x
- CAP Rate: 5.9%
- NOI: $355,970.78
Listing Contacts
Listed by JA Cohen Advisory Group LLC
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$355,970.78
$29,664.23/mo
Valuation Metrics
0
DSCR
5.93%
Cap Rate
5.93%
ROI
Map
Zoning
C4-4A CommercialGeneral CommercialGeneral Commercial
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View all 265 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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