1135 Flatbush Avenue, Brooklyn, NY
Prime Mixed-Use Investment Opportunity with Significant Upside Potential
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 Potential
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.
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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