1224 Flatbush Avenue Flatbush - Brooklyn Ny 11226

2 - STORY MIXED- USE BUILDING – DELIVEREDv VACANT 1224 FLATBUSH AVENUE FLATBUSH - BROOKLYN NY 11226

PROPERTY FEATURES: West side of Flatbush Avenue Location: between Ditmas Avenue and Newkirk Avenue

Block / Lots: 5209 / 05

Lot Dimensions: 16’ x 60’ (approx.)

Lot Square Footage: 960 SF (approx.)

Building Dimensions: 16’ x 55’ (approx.)

Stories: 2

Above Grade SF: 1,760 SF (approx.)

Basement SF: 880 SF (approx.)

Total SF: 2,640 SF (approx.)

Commercial Units / Total SF: 1 / 880 SF (approx.)

Residential Units / Total SF: 1 / 880 SF (approx.)

Zoning: R7A / C2-4

Total Buildable Potential: 3,840 BSF

Available Air Rights: 2,080 BSF

Assessment (20/21): $ 24,984

RE Taxes (20/21): $5,288 (Tax Class 1)

©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. 2 - STORY MIXED- USE BUILDING – DELIVEREDv VACANT 1224 FLATBUSH AVENUE FLATBUSH - BROOKLYN NY 11226

PROPERTY HIGHLIGHTS: . 100% free market . Delivered vacant . Ideal for owner/user . Retail space previously operated as a pawn shop. Protective partitions and door lock/buzzer system included. . Full basement with > 7 foot ceilings . ApproxGROUND. 2,080 FLOORsquare feet of additionalGROUNDair rights FLOOR . Low Real Estate Taxes . Located on Flatbush Avenue’s prime retail corridor . Extremely high foot and vehicular traffic . Flatbush Ave / Ditmas Ave Bus Stop is located right in front of the property. Flatbush / Avenue D Bus Stop is located across the street. Both serviced by the B41 Bus. . 9 min walk (0.4 miles) from the Newkirk Ave Subway Station serviced by the 2 & 5 trains. 13 min walk (0.6 miles) from the Newkirk Plaza Subway Station serviced by the B & Q trains. . SurroundedGROUNDby FLOORnearly 10,000 new residentialBASEMENTapartments coming available in the next few years. . Flatbush is seen as a quiet yet lively neighborhood, with Flatbush Avenue acting as the REDUCED ASKING PRICE: main artery that keeps its musical and vibrant feel going. This melting pot of cultures is regarded as where the world and Brooklyn meet. $1,200,000 $999,990

For more information, please contact:

Jeffrey A. Shalom Alex Svetlakou Andrew Petillo Alex Yelon (718) 307 6558 (212) 318 9769 (212) 713 6844 (212) 698 5620 [email protected] [email protected] [email protected] [email protected]

©2018 Cushman & Wakefield. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance. Date: ______

Jeffrey A. Shalom Direct Phone: (718) 307-6558 Cushman & Wakefield Via Fax: (347) 823-1370 Via email: [email protected]

RE: 1224 Flatbush Avenue (block 5209/ lot 05), Brooklyn, New York 11226

This letter is to serve as a formal offer for the purchase of the above referenced property. The offer is as follows:

BUYER’NAME: ______

BUYER’S ADDRESS: ______

BUYER’S PHONE: ______

PRICE: $______

CONTRACT DEPOSIT: $______(minimum 10%)

TIME TO CLOSE: _____ Days after contract signing.

PREFERENCE WILL BE GIVEN TO OFFERS WITH NO CONTINGENCIES IS THIS BID SUBJECT TO: circle yes or no FINANCING: YES / NO. IF YES, HOW MUCH? $______DUE DILIGENCE: YES / NO. IF YES, HOW LONG? ______Days OTHER CONTINGENCIES: YES / NO. IF YES, EXPLAIN______BROKERAGE: Cushman & Wakefield Realty of Brooklyn, LLC to be paid by Seller pursuant to a separate agreement.

Please bear in mind that no offer shall be deemed “Acceptable” unless and until such time as a formal contract of sale is executed, the contract deposit is received and a countersigned copy of the contract is returned to Buyer.

I am making this offer on my behalf as a principal.

Very truly yours,

By:______