Hello Flatbush

1355 Flatbush Avenue, Brooklyn, NY

Market Price

Price

37,133 sqft

Building Size

36

Units

Overview
Building Size
37,133 sqft
Units
36
Description

TerraCRG has been exclusively retained in the sale of Hello Flatbush at 1355 Flatbush Avenue – a vacant new construction luxury building located in the Flatbush neighborhood of Brooklyn.

The fully vacant seven-story building is 37,133 gross SF and comprised of 36 residential units and one commercial unit providing a great opportunity for new ownership. Hello Flatbush was newly built with high-end condo quality finishes and includes a mix of studios, one bedrooms, two bedrooms, a duplex, and three penthouse units – many of which have private balconies. There is also a business center and gym onsite.

Hello Flatbush is one of the last projects to benefit from a 15 year 421a Tax Abatement. The projected gross annual income is $1,397,000 with a projected NOI of $1,209,335.

Major attractions in proximity to Hello Flatbush include Prospect Park and the newly renovated Kings Theatre which brings in world-renowned talent and entertainment. The nearby Nostrand and Flatbush Avenue retail corridors are lined with restaurants, cafés and national tenants such as Stop & Shop, IHOP, Bank of America, as well as boutique shops and eateries along Beverly Road. The property is only a few blocks from the 2 and 5 trains at the Newkirk Ave Station, providing an easy commute to Downtown Brooklyn and Lower Manhattan.


Location
Gallery