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ERG Property Advisors Announces the Exclusive Availability a Fully Occupied Mixed Use Property in Brooklyn, New York

Brooklyn, New York – November 18, 2014 – ERG Property Advisors is pleased to announce the availability of 866 Flatbush Avenue, Brooklyn, New York. 

Located in the prime retail corridor of the Flatbush neighborhood, the mixed use property consists of two residential apartments and one retail unit. There is an available 2,000 SF of residential space and 2,000 SF of retail with an additional 4,000 SF of air rights.
 
The retail tenant has eight years left on the initial lease with increases every two years and one renewal option. The apartments are three bedrooms at 1,000 SF and can potentially be divided into two units, which could increase the NOI. 
 
The property is located within a few blocks of the 3 subway train, giving the tenants easy access to Manhattan and Downtown Brooklyn.
 
The asking price is $1,825,000.  Andrew Walsh and Victor Caracocly represent the seller.
 
For more information about this property, please contact Andrew Walsh at (646) 253-0967 or awalsh@ergpa.com or Victor Caracocly at (646) 253-0983 or vcaracocly@ergpa.com.
 
 
About ERG Property Advisors
 
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG’s Retail Division specialize in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage. Visit www.ergpa.com for recent deals and press coverage. 



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