Besen Sells 4-Story Brooklyn Mixed Use Building

Besen & Associates announced the sale of 1001 Flatbush Avenue, Brooklyn, a vacant 5,800 s/f four-story mixed use building with approved plans for seven residential units and ground floor retail. Built on a 20.5 by 100 ft. lot, the property is located midblock between Albemarle Road and Tilden Avenue in the Flatbush neighborhood. Constructed in 1930, it is within close proximity to the Church Avenue and Beverley Road subways. The retail corridor generate tremendous foot traffic with brands including Staples, GAP, Crunch Fitness, CVS and the King’s Theatre. The property sold for $2,200,000 which translates to $379 psf and $244,444 per unit. Besen & Associates exclusively represented the seller and procured the purchaser in the transaction.

 

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