Medical/Pharmacy Building on Flatbush Ave

357 Flatbush Avenue

Prospect Heights

Cross Streets Park Pl/Sterling Pl
Lot Size 6,204 SF
Commercial Units 3
Residential Units 2
Subways
b
n
q
r
2
3
Other Transportation
LIRR
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Mixed-Use 357 Flatbush Avenue, Prospect Heights
Dan Marks
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Details

Stories 3
Building Size 10,445 SF
Buildable SF 24,816 BSF

Overview

TerraCRG has been exclusively retained to represent ownership in the sale of 357 Flatbush Avenue on the border of Prospect Heights and Park Slope, Brooklyn.

357 Flatbush Avenue is positioned along one of Brooklyn’s most active corridors and just a few blocks from the Barclays Center. The property has 75 feet of frontage and a 4.0 FAR with 13,336 SF in available air rights. Between Park Place and Sterling Place, the asset is 100% occupied and includes three commercial units and two residential units above. The commercial tenants, “essential businesses” that remained open during the recent shutdown, include Kings Pharmacy which inhabits two floors and Dunkin Donuts and Northwell Urgent Care on the ground floor. The current annual NOI is $746,191.

Attractions

At the nexus of Prospect Heights, Park Slope and Downtown, this region of Brooklyn is comprised of a mix of brownstones, pre-war and new development residential buildings, high-density population and daily foot traffic. It is also in proximity to Brooklyn’s largest transportation hub, Atlantic terminal, which services 11 subway lines and the LIRR.

Barclays Center
Atlantic Terminal Mall
Ovenly
Poke Bowl
Doughnut Plant
Shake Shack

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