Two-Unit Mixed-Use Building with Garage
387 Linden Blvd
East Flatbush
Closed 07/05/2016 at
$535,000 | $365 per SF
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Overview
TerraCRG has been retained to exclusively represent ownership in the sale of 387 Linden Blvd in the East Flatbush neighborhood of Brooklyn. Located on the corner of Linden Boulevard and 35th Street, the two story, ~1,440 SF building consists of one commercial unit, one residential unit and a two car garage.
The commercial unit is currently occupied by a doctor’s office and the second floor residential unit is a two bedroom apartment, and will be delivered vacant. The commercial lease is below market and expires in two years, which offers significant upside being just one block from SUNY Downstate Medical Center. The property has an NOI of ~$32,000.
The 2,5 trains are located at the Winthrop St and the Church Ave subway stations, both are just a few blocks away. Also in walking distance is the Q train at Parkside Avenue, providing service to lower Manhattan in under 25 minutes.