- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
- Getting Around
Street View
$1,650,000
Monthly Est:$8,213
-- Bed
2 Baths1 full bath + 1 half bath
--sqft
315 Flatbush Ave #2, Brooklyn, NY 11217
$1,650,000
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Apartment
Built in 1889
$1,032/mo HOA
-- sqft lot
--/sqft
Description
Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue.
Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years.
Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income.
The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this:
Gross Income: $143,000
RE Taxes: $4,667
CAM Charges Annually $12,384
Vacancy Allowance $0
Total Expenses $17,051
Net Income: $125,949
Cap Rate @ $1.65M 7.6%
Not bad for a neighborhood where commercial property changes hands at a 5% cap rate.
- Houzeo last checked: 4 minutes ago
- Listing updated: June 29, 2026 at 10:08 pm
- Listing Provided by: Dan P Brady (917) 202-5609 | Corcoran Group (212) 355-3550
- Source: Rebny MLS-NY | MLS#: RLS20100599
This condo is in:
Property Details
Status
Active
Type
Condominium
No. of Stories
5
County
City
Neighborhood
Year Built
1889
HOA Fees
$1032/mo
Finished Area
- sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20100599
Days on Market
127
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Location
HOA Management
N/A
HOA Fees
$1,032/ Monthly
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 2
Interior
Appliances
Washer Dryer Allowed
Exterior Features
Building Roof Deck, Private Outdoor Space Under60sqft
Construction
Year Built
Year Built: 1889
Home type
Apartment
Architectural Style
Walk Up
Utilities & Energy
Laundry Features
Building Other
Pool Features
Building None
Basement
Other
Other Features
Patio And Porch Features
None
Subdivision Name
Prospect Heights
Price History
| Date | Event | Price |
|---|---|---|
06/29/2026 Source: | Listed for Sale | $1,650,000 $0/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 04, 2026, 05:00AM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
Advertising Broker: Derek Greene | The Greene Realty Group
