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5801 Flatlands Ave
Brooklyn, NY 11234 Flatlands

$9,100,000 USD

Storefront For Sale  •  12,772 SF

Property Details

  • Property Type Storefront
  • Total Building Size 12,772 SF
  • Lot Size 0.48 AC
  • Building Class B
  • Year Built 2023
  • Tenancy Multiple
  • Zoning R3-2/C2-2
78 Transit Score
85 Walk Score

Highlights

Offered at $9,100,000, reflecting a 6.54% CAP rate on current NOI
100% leased to six tenants with staggered expirations from 2025 to 2032, featuring extension options to further de-risk cash flow
Rare amenity with 20 dedicated parking spaces, a major advantage in this area
High-visibility site in densely populated Brooklyn, positioned along major commercial corridors with strong foot and vehicle traffic
4 miles from the Belt Parkway, 3 miles from Ocean Parkway, and 1 mile from Kings Highway, the subject property offers access to major thoroughfares
Nearby national and credit brands include Subway, McDonald's, Domino's Pizza, Shell, Taco Bell, and many other retailers in the immediate area

Amenities

  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 8 min - 3.8 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 13 min - 4.9 mi
AirportDriveWalkDistance
John F Kennedy International 18 min - 10.6 mi
LaGuardia 28 min - 12.2 mi
Newark Liberty International 40 min - 22.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Steven Siegel 646-996-3709 Marcus & Millichap
Steven Siegel 646-996-3709 Marcus & Millichap