1800 Flatbush Ave

Reduced price! Unique thru-lot with exposure on two streets!The Corcoran Group has been retained on an exclusive basis to arrange for the sale of 1800-1806 Flatbush avenue. A fantastic development/investment opportunity in the fast developing East Midwood/Flatbush section of Brooklyn. The property is comprised of 3 retail spaces with a total of 68 feet of frontage along the Flatbush commercial corridor. This through-lot also offers 4 garages in the back of the commercial spaces for easy loading. The current zoning is C2-2 and R5. This property assemblage is a great opportunity to get in at a fast developing area and build up or completely redevelop this versatile property. The current built size is 68x 55 and the total lot size is 68x100ft. The total built size is 3765 with another 3766 in unused FAR. The FAR as built is .66 with max allowed residential FAR of 1.25 and facility FAR of 2. This is a great value at $308 per buildable square foot! One commercial unit vacant, 2 units occupied. With all 3 units rented, the cap rate is 5%. Develop or keep as is - the numbers just make sense on this one!The immediate proximity to major national retail and the Target shopping hub at the Flatbush Junction is a great opportunity for a mixed use or boutique residential development. Transportation is seamless and easy via the 2,5, Q trains. Brooklyn College's gorgeously landscaped campus is a stone's throw away too.All information furnished herein is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental, or other conditions prior sale, lease, financing or withdrawal without notice. All dimensions are approximate. For exact dimensions you must hire your own architect or engineer and verify independently.