For Sale
$1,600,000

2066 Flatbush Ave Brooklyn, NY 11234

Brooklyn Mixed-Use Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional two-story mixed-use property at 2066 Flatbush Avenue in Brooklyn, New York, presents a compelling investment opportunity. Spanning 3,160 square feet on a 2,000 square foot lot, this 1931-built building boasts a strong leasehold with significant upside potential. The ground floor features 1,800 square feet of retail space currently leased to Primecare Drug and Surgical Corp., a pharmacy under a new 10-year lease with a 3% annual rent increase. The second floor comprises two residential apartments, offering additional rental income streams. These apartments can be delivered vacant. A fully operational basement provides valuable storage and utility space. Recent renovations exceeding $500,000 have modernized the property, including a new roof, updated paint, flooring, lighting, and a comprehensive security system. The property's prime location near Kings Plaza Shopping Center, Brooklyn College, and the Flatbush Ave-Brooklyn College subway station (lines 2 and 5) ensures high foot traffic and strong tenant demand. This investment offers a stable cash flow with significant long-term growth potential in a thriving Brooklyn neighborhood. The asking price is $1,600,000.

Highlights

  • 1,800 SF ground floor retail space, 10-year lease to Primecare Drug & Surgical Corp. with 3% annual rent increases.
  • Fully renovated retail space with new paint, flooring, lighting, and roof.
  • Two vacant residential apartments on the second floor.
  • Fully operational basement offering ample storage and utility space.
  • Excellent location near the Flatbush Ave-Brooklyn College (2,5) subway station.
  • High foot traffic location surrounded by residential and commercial properties.

Property Details for 2066 Flatbush Ave

Property type
Mixed-use properties
Square Feet
3,160 SF
Year Built
1931
Stories
2
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6192431
Longitude
-73.9336514

FAQs

What type of property is this?
Mixed-use property - Brooklyn Mixed-Use Building, High ROI
Where is the mixed-use property located?
The property is located at 2066 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 1,800 SF ground floor retail space, 10-year lease to Primecare Drug & Surgical Corp. with 3% annual rent increases.; Fully renovated retail space with new paint, flooring, lighting, and roof.; Two vacant residential apartments on the second floor.
How can I contact the broker?
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2066 Flatbush Ave
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