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$5,650,000 / 7200ft2 - Prime Corner Property in Prospect Park South – Ideal for Redevelopment or Inve (Brooklyn)

1159 Flatbush Avenue, Brooklyn, NY 11226

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1159 Flatbush Avenue
0BR / 3Ba 7200ft2
apartment
no laundry on site
street parking

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🏙️ Prime Prospect Park South Corner Property – For Sale or Lease by Owner

1159 Flatbush Avenue, Brooklyn, NY 11226

FOR SALE: $5,650,000
FOR LEASE: $14,000/month + 60% annual taxes & utilities
Owner Financing Available
📞 Contact: Dr. Gary Grant – show contact info

⸻

Property Overview

1159 Flatbush Avenue is a two-story corner building located in the heart of Prospect Park South, one of Brooklyn’s most dynamic and evolving commercial corridors. Built full on a 24’ x 100’ corner lot, this prime development site features a full basement and an FAR that allows for additional expansion—making it perfect for commercial, residential, or condo redevelopment.

⸻

Key Highlights
• Lot Size: 24’ x 100’
• Stories: 2 + Full Basement
• R6 Zoning/FAR: Allows for future expansion (Commercial/Residential/Condo)
• Corner Exposure: Exceptional visibility along bustling Flatbush Avenue
• Recent Upgrades:
• New roof
• New windows
• Updated electrical
• Modernized storefront
(All within the past 7 years)

⸻

Current & Past Uses
• Operated as a preschool for over 25 years (C of O approved for 90 children)
• Recently utilized as a community church and banquet hall

⸻

Ideal For
• Educational Facility
• Medical or Dental Offices
• Bank or Financial Institution
• Religious Organization
• Gym or Fitness Center
• Retail or Dispensary
• Condominium Redevelopment with potential roof deck

⸻

Neighborhood Highlights

Located along the bustling Flatbush corridor, this area has seen tremendous growth and revitalization:
• Kings Theatre renovation just steps away
• Brooklyn Junction Mall nearby (Target, HomeGoods, etc.)
• New retail neighbors include The Gap and Crunch Fitness
• Excellent public transportation access for staff and clients alike

⸻

📍 A rare investment opportunity in one of Brooklyn’s most rapidly transforming districts.
Whether you’re an investor, developer, or end-user, 1159 Flatbush Avenue offers unmatched potential and versatility.

post id: 7894090403

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