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1183-1189 Flatbush Ave
Brooklyn, NY 11226
1183-1189 Flatbush Ave · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Versatile Zoning
- In-Place Commercial Lease
- Superior Location
- Strong Demographics
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the investment property located at 1183-1187 and 1189 Flatbush Avenue in Brooklyn, New York (the “Property” or “Properties”). The Property is improved with a single-story 7,975 square foot building that sits on a combined 0.30-acres of land and offers approximately 100 feet of frontage along Flatbush Avenue (in between Vanderveer Place and Avenue D). The Property is currently leased to Flatbush Discount & Deals through January 31, 2028. The Property offers developers the rare opportunity to purchase a large development site with 100 feet of frontage on Flatbush Avenue that allows for 47,200 buildable square feet “As of Right” in the Flatbush neighborhood of Brooklyn, New York. The Property is situated in an incredible urban in-fill location along Flatbush Avenue in the Flatbush neighborhood of Brooklyn. 1183-1187 & 1189 Flatbush Avenue is located between Avenue D and Vanderveer Place and enjoys convenient access to the MTA bus line, several subway stations, Prospect Park and Brooklyn College. Flatbush Avenue is one of the area’s primary commercial and commuter corridors and enjoys convenient access to area amenities including countless restaurants, retailers, businesses, and service tenants. The Property is close to several area parks and schools and is 3.1-miles from the Barclays Center, and 4-miles from Downtown Brooklyn.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,975 SF
Building Class
C
Year Built
1933
Price
$8,955,954 CAD
Price Per SF
$1,123.00 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.30 AC
Zoning
R7A, R5B, C2-4
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,139,697 CAD | |
| Land Assessment | $776,669 CAD | Total Assessment | $1,916,366 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$776,669 CAD
Improvements Assessment
$1,139,697 CAD
Total Assessment
$1,916,366 CAD
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