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$ 2,699,000
Est. payment /mo
Price Dropped by $201K
950 Flatbush AVE Brooklyn, NY 11226
2,273 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1001068
Rental Info No
Year Built 1915
Annual Tax Amount $36,848
Lot Size 2,273 Sqft
Acres 0.0522
Property Sub-Type Multi Family
Source onekey2
Property Description
Presenting our latest exclusive at the newly built 950 Flatbush Avenue, a rare mixed-use investment opportunity located in one of Brooklyn's busiest and most established commercial corridors. This well-maintained property features five residential units plus one established retail store FREE MARKET, offering strong in-place income and long-term upside.
Property Highlights
Lot Size: 20' x 113.67'
Building Size: 20' x 55'
Zoning: R7A / C4-4A (R7A Equivalent)
Stories: 3
Basement: Full walk-out basement
Asking Price: $3,200,000
Residential Configuration
1 Studio Garden Apartment
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Commercial Component
The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month.
Investment Potential
Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of:
Strong current cash flow
Creditworthy retail tenancy
Desirable residential unit mix
Finished basement for additional utility
Valuable mixed-use zoning with potential for future development
Location
Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities.
This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn's most dynamic and consistently performing investment markets.
Property Highlights
Lot Size: 20' x 113.67'
Building Size: 20' x 55'
Zoning: R7A / C4-4A (R7A Equivalent)
Stories: 3
Basement: Full walk-out basement
Asking Price: $3,200,000
Residential Configuration
1 Studio Garden Apartment
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Commercial Component
The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month.
Investment Potential
Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of:
Strong current cash flow
Creditworthy retail tenancy
Desirable residential unit mix
Finished basement for additional utility
Valuable mixed-use zoning with potential for future development
Location
Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities.
This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn's most dynamic and consistently performing investment markets.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Heating Other
Cooling Electric
Fireplace No
Exterior
Parking Features On Street
Utilities Available Natural Gas Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Brooklyn 22
School District Brooklyn 22
Others
Special Listing Condition None
Listed by 5 Boro Realty Corp • Nina Sabag
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