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9506 Church Ave 9506 Church Ave 2,680 SF 100% Leased Retail Building Brooklyn, NY 11212 $1,506,681 CAD ($562.19 CAD/SF) 6.05% Cap Rate
Investment Highlights
- Heavy daytime walking traffic
Executive Summary
Situated in East Flatbush on Church Ave, this two-story structure presents a premier
owner-user prospect or investment opening.
The location is characterized by high foot traffic, making it a prime spot for retail
operations.
The property features a single retail space alongside two residential units:
one 2-bedroom/1-bathroom apartment and one 1-bedroom/1-bathroom apartment.
Currently owner-occupied, the retail portion will be delivered vacant.
Both residential units are presently rented at rates significantly lower than the current
market value.
Positioned within R6/C1-3 zoning, the property offers significant air rights for future
development.
owner-user prospect or investment opening.
The location is characterized by high foot traffic, making it a prime spot for retail
operations.
The property features a single retail space alongside two residential units:
one 2-bedroom/1-bathroom apartment and one 1-bedroom/1-bathroom apartment.
Currently owner-occupied, the retail portion will be delivered vacant.
Both residential units are presently rented at rates significantly lower than the current
market value.
Positioned within R6/C1-3 zoning, the property offers significant air rights for future
development.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,680 SF
Year Built
1931
Price
$1,506,681 CAD
Price Per SF
$562.19 CAD
Cap Rate
6.05%
NOI
$91,099 CAD
Percent Leased
100%
Building Height
2 Stories
Opportunity Zone
Yes
Frontage
20’ on Church Ave
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 12
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9506 Church Ave | 9506 Church Ave
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