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
- Listing ID #:RLS20100599
- Added:1 day(s) ago
- Updated:July 01, 2026 at 10:48 AM
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
- New
$2,199,000Active4 beds 3 baths2,316 sq. ft.1120 82nd Street, Brooklyn, NY 11228
MLS# 2603697Listed by: REVOLUTION REALTY GROUP - Open Sun, 12:30 to 2:30pmNew
$1,150,000Active5 beds 3 baths1,179 sq. ft.582 Bay Ridge Avenue, Brooklyn, NY 11220
MLS# 502700Listed by: E HOUSE REALTY & MGT. INC. - New
$5,500,000Active-- beds 4 baths2,072 sq. ft.847 59th Street, Brooklyn, NY 11220
MLS# 502701Listed by: WINZONE REALTY INC - Coming Soon
$245,000Coming Soon1 beds 1 baths8735 Bay Parkway #A57, Brooklyn, NY 11214
MLS# 1020504Listed by: MADISON ALLIED LLC - New
$950,000Active-- beds -- baths3,192 sq. ft.689 Greene Avenue, Brooklyn, NY 11221
MLS# 1020522Listed by: VYLLA HOME - Open Wed, 6 to 7pmNew
$2,150,000Active4 beds 2 baths1,788 sq. ft.216 Monitor Street, Brooklyn, NY 11222
MLS# RLS20100782Listed by: BOND NEW YORK PROPERTIES LLC - Open Sun, 11am to 12:30pmNew
$1,100,000Active1 beds 1 baths778 sq. ft.222 16th Street #5E, Brooklyn, NY 11215
MLS# RLS20100793Listed by: DOUGLAS ELLIMAN REAL ESTATE - New
$1,828,999Active5 beds 3 baths1,220 sq. ft.1847 65th Street, Brooklyn, NY 11204
MLS# 2603694Listed by: DITOMMASO REAL ESTATE - New
$1,649,000Active6 beds 4 baths3,000 sq. ft.1673 83rd Street, Brooklyn, NY 11214
MLS# 502643Listed by: KELLER WILLIAMS REALTY STATEN - New
$399,000Active1 beds 1 baths650 sq. ft.251 Bay 19th Street #A, Brooklyn, NY 11214
MLS# 502657Listed by: RE/MAX EDGE