1324 Flatbush Avenue

Highlights:

• 2 Free Market Units
• 1 Retail Unit
• 2,200 Gross SF
• Very Low Expenses

Description:

TerraCRG has been retained to exclusively represent ownership in the sale of 1324 Flatbush Avenue – a mixed-use building in the Midwood neighborhood of Brooklyn.
The ~2,200 SF property consists of two free-market 1-bedroom apartments and one store which is occupied by a real estate office. 1324 Flatbush Ave has a gross annual rent roll of ~$81,360 and a net operating income of ~$67,238 after expenses. It benefits from very low expenses due to its tax-class protected status.
The property is ideally located on the busy Flatbush Avenue retail corridor, close to Brooklyn College and the Flatbush Av and Newkirk Av subway stations, which service the 2 and 5 lines.