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703 Flatbush Avenue

$2,150,000 703 Flatbush Avenue, New York City, NY 11225
Investment opportunity in Prospect Lefferts Gardens, located on a very visible, high traffic avenue adjacent to Prospect Park & Brooklyn Botanical Gardens.This mixed use, 3 unit building is located on Flatbush Avenue between Parkside Avenue & Winthrop Street, a PRIME retail location. The commercial space boasts 2,000 SQFT of retail space PLUS full basement. The space is versatile as it can be used as office, medical, retail etc. Current lease expires 2020 with 5% increases annually. The space boasts 20.08 ft of retail frontage. Two residential units have been beautifully renovated, and are true 3 bedrooms & 2 full bathrooms in each unit, over sized living/ dining areas, all new hardwood floors. The kitchens are complete with granite counter tops and stainless steel appliances, dishwasher AND washer/dryer! And outdoor space on the 2nd floor. Gross income: $111,264, NOI: $102,024 Lot sq. ft 1,950 Lot dimensions20.08 ft x 96.5 ft MAX FAR: 3.44 FAR as Built: 1.69 Building classPrimarily 2Fam with One Store or Office (S2) Sq. ft.3,300 Building dimensions 20.08 ft x 55 ft (plus extension) Stories3 Zoning District codeC1-3/R7-1 See set up information.
  • Sold
  • 1925
    Year Built

Features & Amenities

Area & Lot

  • Status: Sold
  • MLS® ID: CORC-5288117
  • Type: Residential
  • Year Built: 1925
  • Architecture Styles: Prewar


  • Sales Price: $2,150,000

703 Flatbush Avenue

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Distinguished mother-daughter duo, Lisa and Christina Lonuzzi, are real estate professionals with an unparalleled love of their hometown borough, and an unrivaled knowledge of its unique neighborhoods and diverse communities.
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