Closed 07/05/2016

Two-Unit Mixed-Use Building with Garage

387 Linden Blvd

East Flatbush

Closed 07/05/2016 at
$535,000 | $365 per SF

2 Total Units
1 Residential Unit
1 Commercial Unit
1,440 Existing SF
Corner of Linden Blvd & E 35th
Subways
q
2
5
Retail/Mixed-Use 387 Linden Blvd, East Flatbush
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Peter Matheos
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Details

Block 4856
Lots 1
Lot Size 19.92 ft x 109.83 ft
Building Size 16 ft x 45 ft
Building Class S1
Stories 2
Lot SF 2,171
Zoning R5
FAR 1.25
Gross BSF 2,714
Available Air Rights 1,274

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 387 Linden Blvd in the East Flatbush neighborhood of Brooklyn. Located on the corner of Linden Boulevard and 35th Street, the two story, ~1,440 SF building consists of one commercial unit, one residential unit and a two car garage.

The commercial unit is currently occupied by a doctor’s office and the second floor residential unit is a two bedroom apartment, and will be delivered vacant. The commercial lease is below market and expires in two years, which offers significant upside being just one block from SUNY Downstate Medical Center. The property has an NOI of ~$32,000.

The 2,5 trains are located at the Winthrop St and the Church Ave subway stations, both are just a few blocks away. Also in walking distance is the Q train at Parkside Avenue, providing service to lower Manhattan in under 25 minutes.

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