260 Flatbush AveBrooklyn, NY 11217

Property Details for 260 Flatbush Ave

Year built

1921

Lot size

0.09 AC

Property size (Sq ft)

20,435 SF

Zone code

R7A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00936-0017

APU

9360017

Description

This exceptional retail space at 260 Flatbush Avenue in Brooklyn, New York, offers 5,000 square feet of meticulously designed commercial space, perfect for medical or office use. Located in the highly desirable Prospect Heights neighborhood, this single-tenant property boasts a strategic location with high visibility. The space includes a 3,000-square-foot ground-level retail area and a 2,000-square-foot finished basement, providing ample room for operations and storage. The building features an elevator for convenient access to all levels. With 30 feet of street frontage, this property benefits from significant foot and vehicular traffic, ideal for branding and signage. The property is situated in Kings County, New York, with a zip code of 11217. The total building size is 20,435 square feet. This turnkey space is ready for immediate occupancy and presents a unique opportunity in a thriving Brooklyn neighborhood. The property is easily accessible and benefits from excellent visibility and high traffic counts. This is an exceptional opportunity for a business seeking a well-established and highly visible location in a vibrant and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $4,189,360

  6.5%

  $3,867,101

  7%

  $3,590,880

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,138,558

  Geo Method

  $4,138,558

• Alternative Use

  Use

  Valuation

  Residential

  $3,867,101

  Hospitality

  $3,542,244

  Educational

  $2,947,106

  Medical

  $3,048,461

  Retail

  $4,584,386

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6792

Longitude

-73.9744

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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