5801 Flatlands AveBrooklyn, NY 11234
Flatlands Avenue
Asset ClassRetail
Overview
Acquire a brand new 2023 construction, fully occupieed 6-tenant retail strip in Brooklyn with 20 on-site parking spaces and 278 feet of frontage on Flatlands Ave.
Investment Highlights
- Pricing and Yield: Offered at $9,100,000, reflecting a 6.54% CAP rate on current net operating income
- Secure, Long Term Income: 100% leased to six tenants with staggered expirations from 2025 to 2032, featuring extension options to further de-risk cash flow
- On-Site Parking: Rare amenity with 20 dedicated spaces, a major advantage in the area
- Prime Location: High-visibility site in densely populated Brooklyn, positioned along major commercial corridors with strong foot and vehicle traffic
- Favorable Accessibility: Located 4 miles from the Belt Parkway, 3 miles from Ocean Parkway, and just over 1 mile from Kings Highway, the subjected property offers convenient access to major thoroughfares. The property is a mere 0.1 miles from the Ralph Ave/Flatlands Ave bus station serves by the B6, B47, B82, B82-SBS bus lines which drop you directly at the Glenwood Rd. & Rockaway Pkwy Subway station, served by the L, 2, 3, 4, and 5 subway lines.
- Proximity to Airports: 10 miles from JFK and 13 miles from LaGuardia, enhancing appeal to both local and corporate occupiers
- Surrounding Co-Tenancy: Nearby national and credit brands included Subway, McDonald's Domino's Pizza, Shell, Taco Bell, and many other retailers in the immediate area
Photo Gallery
5801 Flatlands AveBrooklyn, NY 11234
Listing provided by Revere CRE