- Description: Retail Property for Sale in the Heart of Marine Park
- Neighborhood: Marine Park
- Lot Size: 8,000 SF
- Zoning: C8-1
- F.A.R: 1.0
- Total Buildable: 8,000 SF +/-
- Cross Streets: Avenue S & Avenue T
- Built: 1956
- Asking Price: $2,500,000
2386 Flatbush Avenue, Marine Park, Brooklyn | Retail | $2,500,000
- Car wash/oil change station with 80’ foot frontage on Flatbush Avenue.
- Current tenant is on a NNN Lease and is paying $134,484 Annually
- The tenant has 2% annual escalations or percentage increase of the CPI.
- Lease ends in 2038
- Property is located on the heavily trafficked Flatbush Avenue with great visibility and is a block away from the Kings Plaza Shopping Center.
- The asking price is set at $2,500,000 ~ please speak to exclusive agent for more details
- Cap Rate ~ 5.37%