Closed 8/23/2013

Corner Mixed-Use Building

564 Flatbush Avenue

Lefferts Gardens

Closed 8/23/2013 at
$1,700,000

6 Total Units

4 Residential Units

2 Commercial Units

5,280 Gross SF

Corner of Flatbush Ave & Bleekman Pl

Subways

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564 Flatbush Avenue, Lefferts Gardens

Peter Schubert

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718-705-4461

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Details

Block_Lot 5026_95

Lot Size 24 ft x 100 ft

Building Size 24 ft x 80 ft

Building Class S9

Stories 3

Zoning C1-3/R7-1

Lot SF 2,400

FAR 1.44

Total Buildable SF 8,256

Available Air Rights 2,976

Overview

The mixed-use building at 564 Flatbush Avenue is now offered for sale. The three-story corner building is located at intersection of Flatbush Avenue and Beekman Place - just two blocks from Prospect Park - in the Prospect Lefferts Gardens neighborhood of Brooklyn. The 24' wide building totals 5,280 SF and consists of three occupied commercial spaces and four apartments. The residential portion of the property is comprised of two 2-bedroom and two 3-bedroom apartments. One 2-bedroom apartment will be delivered vacant. The retail portion of the building is currently occupied by a 99-cent store, sewing shop and laundromat. There is a significant upside in the property as the residential rents are significantly below market. Renovated two and three-bedroom apartments are achieving $1800+/m and $2000+/m in this location.

Neighborhood Guide
Lefferts Gardens