1452 Flatbush Ave, New York City, NY 11210

Description

The Forray Team at The Corcoran Group is pleased to exclusively present 1452 Flatbush Avenue, a well-positioned mixed-use building offering dependable income and long-term upside in Brooklyn's Midwood/Flatbush section, at the historic Flatbush-Nostrand Junction. Sitting directly on one of Brooklyn's busiest retail corridors and moments from Brooklyn College, the property presents a compelling opportunity for investors, developers, and end-users seeking a stable, high-visibility asset in one of the borough's most heavily trafficked commercial nodes.

The property comprises approximately 3,500 gross square feet above grade, situated on a 20' 100' lot totaling approximately 2,000 square feet.Zoned R7A with a C2-4 commercial overlay, the asset carries a 4.0 FAR against a current FAR of just 1.75 , leaving approximately 4,500 square feet of unused buildable area - a total buildable envelope of 8,000 square feet - and meaningful room for future expansion or repositioning. Annual real estate taxes run approximately $ 25,843 under Tax Class 4.

The building is configured as two residential rental units over a ground-floor retail storefront: a 3-bedroom, 1-bathroom unit over a 3-bedroom, 1-bathroom unit, above an approximately 1,300-square-foot commercial space. The store level includes a full cellar for storage, direct access to a rear outdoor space, and two half-bathrooms, giving a future retail, office, or service tenant real flexibility. This configuration offers strong income-producing capability while suiting an owner-occupant seeking supplemental rental income, a long-term investor targeting Flatbush's deep and stable rental demand, or a buyer exploring a value-add or repositioning strategy. Currently offered at a 6.87% pro-forma cap rate.

Ideally situated at the Flatbush- Nostrand Junction - anchored by Brooklyn College and the 250-business Flatbush- Nostrand Junction Business Improvement District - 1452 Flatbush Avenue places tenants and occupants within immediate reach of the neighborhood's shopping, dining, and civic life. The property carries a 96 Walk Score ("Walker's Paradise") and a 100 Transit Score ("Rider's Paradise"), among the strongest transit profiles in Brooklyn. The 2 and 5 subway lines are reachable via a station entrance at Nostrand and Flatbush Avenues roughly 0.2 miles away, and the B41 local and B103 limited-stop buses run directly along Flatbush Avenue, providing fast, direct connections throughout Brooklyn and into Manhattan.

Whether pursuing a cash-flowing mixed-use investment, an owner-occupied opportunity with income offset, or a longer-term play on the property's unused FAR, 1452 Flatbush Avenue offers a rare combination of stable income, zoning upside, and premier positioning at one of Brooklyn's busiest commercial crossroads.