Address: 2066 Flatbush Ave, Brooklyn, NY 11234, USA
Created date: November 18, 2024
Date last updated: January 14, 2025
- 1,800 SF ground-floor retail space with a 10-year lease to Primecare Drug and Surgical Corp. (3% annual rent increases).
- Fully renovated retail space with new paint, flooring, lighting, and a new roof.
- Two residential apartments on the second floor.
- Fully operational basement providing additional storage and utility space.
- Prime location near Flatbush Ave-Brooklyn College [2,5] subway station.
- Surrounded by residential and commercial developments with strong foot traffic potential.
Property Description
2066 Flatbush Ave is a two-story mixed-use property in the Marine Park neighborhood of Brooklyn. It features an 1,800 SF ground-floor retail space leased to Primecare Drug and Surgical Corp., a pharmacy with a new 10-year lease and 3% annual rent increases. The second floor includes two residential apartments, adding additional rental income, and the property also has a fully operational basement. The current owner has invested over $500,000 in renovations, including new paint, flooring, lighting, a security system, a new roof, and other improvements. Located near Kings Plaza Shopping Center, Brooklyn College, and a mix of residential and commercial developments, the property benefits from steady foot traffic and offers stable cash flow with significant long-term growth potential.