HouseBrooklyn (United States)

Price :

$1,999,000

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

bedrooms4 bathroom1

8805 and 8811 Flatlands Ave with combined 8090 lot. two lots, two deeds! Rarely available double property for sale featuring a 36 ft. wide solid brick mixed use building on a 4090 lot with an additional 4090 adjacent buildable vacant lot, totaling a whopping 8090 lot size. This is an exceptional opportunity to acquire a prime piece of real estate on the highly sought-after Flatlands Avenue, located in the heart of Canarsie. This rarely available combined property measures 80 by 90 feet and is zoned R5D, C1-3. The combined property features a mixed-use brick building consisting of 3,821 square feet on a 40 by 90-foot lot, along with an adjacent 40 by 90-foot vacant lot that includes a private driveway and garage. The total lot size of 80 by 90 feet offers an ideal canvas for a new owner to develop and establish a business. The mixed-use building consists of two two-bedroom apartments situated above a 1,967-square-foot delicatessen, which also includes a full basement. The apartments are currently vacant, providing an opportunity to generate rental income at market rates, while the delicatessen operates on a month-to-month lease. The vacant lot measures 40 by 90 feet and has a Floor Area Ratio (FAR) of 2, allowing for a potential buildable structure of up to 7,200 square feet. Additionally, the adjacent mixed-use building has a total unused FAR of 4,788, offering numerous possibilities for expansion. Updated oil burner and hot water heater. Located in the vibrant heart of Canarsie, this unique property is conveniently close to a variety of shops, major retailers, banks, and medical facilities. Additionally, the L train station is just 0.48 miles away at Rockaway Parkway. With 80 feet of frontage on one of the busiest and most desirable streets in Canarsie, this property presents abundant opportunities for savvy investors.