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6. 4% Cap Rate | High-Exposure Flatbush Ave Retail Asset | Stable Income | Development Potential Exceptional retail investment opportunity on the highly visible Flatbush Avenue corridor in Brooklyn. This approximately 3, 740 SF commercial property features four storefronts with strong street presence, excellent exposure, and approximately 70 feet of frontage along one of the area’s most active commercial thoroughfares. Surrounded by a dense residential population, established neighborhood businesses, and consistent foot and vehicular traffic, this property is exceptionally well positioned for both current performance and future growth. The asset is currently configured with 3 leased retail units, 1 vacant storefront, and additional income from a leased 4-car garage, creating multiple income streams with built-in upside. This configuration provides immediate in-place cash flow while preserving meaningful value-add potential through lease-up, repositioning, or owner-user occupancy. The multi-storefront layout further enhances leasing flexibility and broadens the property’s appeal for investors seeking both stability and future growth. Located within a C2-2 / R5 zoning district, the property also offers attractive long-term development potential, with an approximate maximum buildable square footage of 8, 558 SF, subject to independent verification. Whether for an investor looking to capitalize on existing cash flow and future appreciation, or for an owner-user seeking a prominent Brooklyn location with additional upside, this is a compelling opportunity to acquire a well-positioned commercial asset on one of the borough’s busiest corridors.
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Our Executive Mortgage Banker:
$1,988,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,590,400 | $1,590,400 | $1,590,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $1,920 | $1,920 | $1,920 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,906 | $9,663 | $13,314 |
| Total Monthly Payment | $10,951 | $11,708 | $15,359 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.