315 Flatbush Avenue #2, Brooklyn, NY 11217
Local realty services provided by:CENTURY 21 Awaye Realty
315 Flatbush Avenue #2,Brooklyn, NY 11217
$1,650,000
- - Beds
- 2 Baths
- - sq. ft.
- Condominium
- Active
Listed by: dan p brady
Office: corcoran group
MLS#:RLS20100599
Source:NY_REBNY
Price summary
- Price:$1,650,000
About this home
Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue. <br> <br> Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years. <br> <br> Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income. <br> <br> The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this: <br> <br> Gross Income: $143,000 <br> RE Taxes: $4,667 <br> CAM Charges Annually $12,384 <br> Vacancy Allowance $0 <br> Total Expenses $17,051 <br> <br> Net Income: $125,949 <br> <br> Cap Rate @ $1.65M 7.6% <br> <br> Not bad for a neighborhood where commercial property changes hands at a 5% cap rate....
Contact an agent
Home facts
- Year built:1889
- Subdivision & Development:Prospect Heights
- Listing ID #:RLS20100599
- Added:75 day(s) ago
- Updated:September 13, 2026 at 12:08 PM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:5
- Basement:Yes
Structure and exterior
- Year built:1889
- Exterior Features:Building Roof Deck
Finances and disclosures
- Price:$1,650,000
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
New listings near 315 Flatbush Avenue #2
- Coming Soon
$1,100,000Coming Soon-- beds -- baths3,520 sq. ft.1632 Nostrand Avenue, Brooklyn, NY 11226
MLS# 1035426Listed by: KELLER WILLIAMS RLTY LANDMARK - Coming Soon
$1,098,000Coming Soon8 beds 3 baths3,850 sq. ft.2693 Fulton Street, Brooklyn, NY 11207
MLS# 1048587Listed by: COLDWELL BANKER PHILLIPS - New
$1,225,500Active2 beds 1 baths320 Hicks Street #3, Brooklyn, NY 11201
MLS# RLS20104620Listed by: COMPASS - New
$650,000Active1 beds 1 baths2 Grace Court #3W, Brooklyn, NY 11201
MLS# RLS20114719Listed by: COMPASS - New
$2,000,000Active4 beds 5 baths2,520 sq. ft.879 Greene Avenue, Brooklyn, NY 11221
MLS# RLS20114717Listed by: CORCORAN GROUP - New
$755,000Active3 beds 2 baths1,120 sq. ft.1155 E 81st Street, Brooklyn, NY 11236
MLS# 1049998Listed by: RE/MAX TEAM - New
$1,190,000Active3 beds 3 baths1,880 sq. ft.1842 West 7 Street, Brooklyn, NY 11223
MLS# 504487Listed by: RE/MAX EDGE - New
$899,000Active4 beds 2 baths1,710 sq. ft.730 Lincoln Avenue, Brooklyn, NY 11208
MLS# 1050097Listed by: ELITE TEAM REALTY LLC - New
$3,058,000Active35 beds 20 baths18,720 sq. ft.Address Withheld By Seller, Brooklyn, NY 11228
MLS# 504472Listed by: CENTURY 21 REALTY FIRST - New
$799,000Active2 beds 1 baths762 sq. ft.929 43rd Street #2A, Brooklyn, NY 11219
MLS# 504486Listed by: RE/MAX EDGE