Hello Flatbush – Vacant New Luxury Building

1355 Flatbush Avenue

Flatbush

Size 37,133 SF
Residential Units 36
Commercial Units 1
Status Fully Vacant
Subways
2
5
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Mixed-Use 1355 Flatbush Avenue, Flatbush
Ofer Cohen
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Overview

TerraCRG has been exclusively retained in the sale of Hello Flatbush at 1355 Flatbush Avenue – a vacant new construction luxury building located in the Flatbush neighborhood of Brooklyn.

The fully vacant seven-story building is 37,133 gross SF and comprised of 36 residential units and one commercial unit providing a great opportunity for new ownership. Hello Flatbush was newly built with high-end condo quality finishes and includes a mix of studios, one bedrooms, two bedrooms, a duplex, and three penthouse units – many of which have private balconies. There is also a business center and gym onsite.

Hello Flatbush is one of the last projects to benefit from a 15 year 421a Tax Abatement. The projected gross annual income is $1,397,000 with a projected NOI of $1,209,335.

Attractions

Major attractions in proximity to Hello Flatbush include Prospect Park and the newly renovated Kings Theatre which brings in world-renowned talent and entertainment. The nearby Nostrand and Flatbush Avenue retail corridors are lined with restaurants, cafés and national tenants such as Stop & Shop, IHOP, Bank of America, as well as boutique shops and eateries along Beverly Road. The property is only a few blocks from the 2 and 5 trains at the Newkirk Ave Station, providing an easy commute to Downtown Brooklyn and Lower Manhattan.

Prospect Park
Kings Theatre
Stop & Shop
IHOP
Bank of America

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