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7200ft2 - Prime Flatbush Avenue Development Site For Sale (Brooklyn)
1159 Flatbush Avenue, Brooklyn, NY 11226
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PRIME DEVELOPMENT SITE
2 STORY CORNER BUILDING ALONG THE BUSTLING FLATBUSH CORRIDOR. THE PROPERTY IS BUILT FULL ON A 24 X100' CORNER LOT WITH A FULL BASEMENT. THE FAR ALLOWS FOR FURTHER EXPANSION OF THE BUILDING FOR COMMERCIAL/RESIDENTIAL/CONDO USE.
UPGRADES: BUILDING HAS BEEN UPDATED WITH A NEW ROOF, WINDOWS, ELECTRICAL & STOREFRONT IN THE LAST 7 YEARS PAST
USE(S):
THE PROPERTY WAS SUCCESSFULLY UTILIZED AS A PRESCHOOL FOR OVER 25 YEARS. THE CURRENT CERTIFICATE OF OCCUPANCY LISTS IT AS A SCHOOL WITH A CAPACITY FOR 90 CHILDREN.
MOST RECENTLY THE BUILDING WAS THE SITE OF A COMMUNITY CHURCH AND BANQUET HALL.
IDEAL USE(S): THE LOCATION AND SIZE OF THE PROPERTY MAKE IT IDEAL FOR USE AS AN EDUCATIONAL FACILITY, MEDICAL OFFICE, BANK, RELIGIOUS INSTITUTION, GYM, RETAIL SPACE, DISPENSARY OR CONDOMINUM REDEVELOPMENT W/ ROOF DECK
THE NEIGHBORHOOD:
THIS BUSY COMMERCIAL AREA OF THE FLATBUSH CORRIDOR HAS UNDERGONE A DRAMATIC TRANSFORMATION OVER THE PAST DECADE. FROM THE BROOKLYN JUNCTION MALL JUST A FEW BLOCKS AWAY THAT HOUSES MAJOR RETAILERS SUCH AS TARGET TO THE REDEVELOPMENT OF THE KINGS THEATER LOCATED JUST STEPS AWAY FROM THE PROPERTY. THE GAP AND CRUNCH FITNESS HAVE ALSO OPENED LOCATIONS IN THE AREA. THE BUILDING IS CLOSE TO PUBLIC TRANSPORTATION THAT MAKES IT EASILY ACCESSIBLE.
SALE PRICE: $5.65M
OWNER FINANCING AVAILABLE
LEASE PRICE: $14,000 PER MONTH
• PLUS 50% OF ANNUAL TAXES & ALL UTILITIES
CONTACT OWNER: DR. GARY GRANT show contact info