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Shopping Strip

Flatlands New Construction Retail Strip

5801 Flatlands Avenue, Brooklyn, NY 11234

Listing Price: $9,100,000

Cap Rate
6.54%
Gross SF
12,772
Rentable SF
12,772
Price/Gross SF
$712.50
Lot Size
0.44 acres
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to present a multi-tenant property located at 5801 Flatlands Ave, Brooklyn, NY. The subject property consists of a one-story retail building situated on a 19,369 sq ft lot at the intersection of Flatlands Ave and E 58th Street with 278 feet of frontage on Flatlands Ave.

Investment Highlights

  • 100% leased to 6 tenants with staggered expirations from 2025 to 2032, featuring extension options to further de-risk cash flow
  • Rare amenity of 20 dedicated on-site parking spaces, a major advantage in the area
  • High-visibility in densely populated Brooklyn, positioned alon major commercial corridors with strong foot and vehicle traffic

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Financing By

Shopping Strip

Flatlands New Construction Retail Strip

Listing Price: $9,100,000

Cap Rate
6.54%
Gross SF
12,772
Rentable SF
12,772
Price/Gross SF
$712.50
Lot Size
0.44 acres
Year Built
2023

Investment Highlights

  • 100% leased to 6 tenants with staggered expirations from 2025 to 2032, featuring extension options to further de-risk cash flow
  • Rare amenity of 20 dedicated on-site parking spaces, a major advantage in the area
  • High-visibility in densely populated Brooklyn, positioned alon major commercial corridors with strong foot and vehicle traffic

Investment Overview

Marcus & Millichap is pleased to present a multi-tenant property located at 5801 Flatlands Ave, Brooklyn, NY. The subject property consists of a one-story retail building situated on a 19,369 sq ft lot at the intersection of Flatlands Ave and E 58th Street with 278 feet of frontage on Flatlands Ave.

Exclusively Listed By

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

Financing By

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