5203-5207 Church Avenue Brooklyn, NY 11203
Other
MLS #: 11640815
Courtesy Of Compass
Property InformationDescription
Set within one of Flatbush s established commercial areas, 5203 5207 Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property situated along one of Flatbush s predominant retail corridors. The property can be delivered vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment by an investor. The building is currently configured with retail and medical tenants and features 10 + ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants. From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
Features
- Architecture Style: Other
- Building Units: 0
- MLSID: 11640815
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