2801 Glenwood Rd, Brooklyn, NY 11210

This is a prime mixed-use brick building located on a desirable corner lot in the bustling Flatbush/Brooklyn College area . This unique property offers a versatile blend of residential and commercial space. The building features a three-bedroom residential unit perfect for an owner-occupant or a rental tenant. The main level is currently configured with two professional office spaces , both currently used as medical offices, making it an excellent opportunity for doctors, dentists, or other practitioners seeking a high-visibility location. A significant asset of this property is the abundant parking, which includes a two-car garage and an additional three parking spots. Conveniently located just minutes from the 2 & 5 subway trains at Flatbush Junction and several major bus lines (B6, B103, B44, B41), commuting is simple. The property is also steps away from a Target mall, as well as a variety of supermarkets, restaurants, and shops, ensuring constant foot traffic and easy access to amenities. The commercial outlook for Flatbush is robust and dynamic, characterized by significant investment, a diverse retail mix, and a strategic position as one of Brooklyn's next development frontiers. Here is an expert outlook on the Flatbush commercial market: Key Market Drivers Flatbush's commercial viability is built on its deep-rooted community and strategic location. Its primary commercial corridors-Flatbush Avenue, Nostrand Avenue, and Church Avenue-serve as vital hubs for the large West Indian community, creating a consistent demand for a diverse range of local businesses, from specialty markets and restaurants to professional services and retail shops. The neighborhood's strong resident base ensures a steady flow of foot traffic, making it an attractive location for both established and new businesses. Investment and Development Flatbush is experiencing a surge in investment, particularly in mixed-use and residential projects. It is often cited as a key area for developers seeking value outside of more saturated markets like Bedford-Stuyvesant. Recent and planned developments, such as a new nine-story mixed-use building at 757 Flatbush Avenue with 125 feet of ground-floor retail, underscore a strong belief in the neighborhood's long-term commercial potential. The availability of developable land and supportive zoning initiatives are fueling this growth. Commercial Real Estate Trends Retail: While some sections, like the Flatbush-Nostrand Junction, have faced storefront vacancy challenges, the overall retail market remains resilient. The neighborhood's unique retail mix, which offers both affordability and culturally specific products, draws shoppers from across the borough. Recent public investments, such as the new Flatbush Central Caribbean Marketplace, have revitalized key commercial areas and provided a hub for local vendors. Medical and Office: The presence of major medical institutions like Kings County Hospital and SUNY Downstate Health Sciences University creates a consistent demand for medical and professional office spaces. Properties that can accommodate these tenants are highly valuable. Multi-Family and Mixed-Use: The most significant trend is the rise of mixed-use buildings. These properties blend commercial space on the ground floor with residential units above, providing a dual revenue stream that appeals to both local investors and larger developers. Outlook The commercial outlook for Flatbush is exceptionally positive. While still more affordable than many of its Brooklyn counterparts, the neighborhood is on a trajectory of sustained growth. A combination of a stable residential population, new residential and mixed-use developments, and ongoing public and private investment positions Flatbush as a dynamic and appreciating market. The area's ability to serve its local community while attracting new investment makes it a smart and strategic choice for commercial real estate investors.