$10,500,000
Updated 2 months ago
Off Market

357 Flatbush Ave

Prospect Heights, Brooklyn | Carlton Ave & Sterling Place

10,400 Square FeetMixed Use

$10,500,000
floors / apts3 / 2
Lot Size75'x75'
Built Size75'x75'
ZoneC2-4
Building TypeTownhouse
Price Per SF
$1,010

Property Description for 357 Flatbush Ave

357 Flatbush Avenue presents the unique opportunity to own 75’ of frontage along one of the most highly sought after retail corridors in all of Brooklyn, where rents range from $125-250 per square foot. In addition, the building is located in a C2-4/R7A zoning district and benefits from approximately 25,600 buildable SF.

The subject property currently consists of two commercial tenants and two residential apartments. Kings Pharmacy occupies the entire ground floor and basement, in addition to unit 2L. Arnul’s Dental Lab, occupies 2R and is currently leased on a month-to-month basis. One residential apartment is vacant, the other has a lease in-place through March 2015.

The building is conveniently located on the east side of Flatbush Avenue between Sterling and Park Place in Prospect Heights/Park Slope, across from the 7th Avenue B,Q subway station and one-block north of Grand Army Plaza 2,3 subway station.

Listing History for 357 Flatbush Ave

Now
12/20/2013
POM by Stephen Palmese
Cushman & Wakefield
08/28/2013
Contract Signed by Stephen Palmese
Cushman & Wakefield

Building Details for 357 Flatbush Ave

OwnershipMixed Use
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1915
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

7 Av
0.02 miles
Grand Army Plaza
0.13 miles
Bergen St
0.31 miles

Railroad

Atlantic TerminalLong Island Rail Road
0.5 miles

Citi Bike

Park Pl & Carlton Ave
0.03 miles
7 Ave & Park Pl
0.08 miles

Contact Agents

Contact Agents

Licensed As
Stephen P. Palmese
Broker
License#:
10491213268
Company:
Cushman & Wakefield
Stephen Palmese
Cushman & Wakefield
Michael Amirkhanian
Cushman & Wakefield
Licensed As
WinField Clifford
Broker
License#:
10311207947
Company:
Cushman & Wakefield
Winfield Clifford
Cushman & Wakefield

Prospect Heights | Brooklyn

Quick Profile

Prospect Heights is a small residential neighborhood surrounded by big attractions. It’s rich in culture and offers the perfect blend of old Brooklyn charm and modern-day hipness. 

Residents of this tight-knit community include young professionals, families and long-time residents. It’s a walkers paradise - just steps from Prospect Park and a short walking distance to neighborhoods like Downtown Brooklyn, Fort Green and Clinton. You’re close to culture too. Brooklyn Museum, Brooklyn Library, Brooklyn Botanical Garden, Brooklyn Academy of Music and the Barclays Center are all nearby.

Prospect Heights is bordered by Flatbush Avenue to the west, Washington Avenue to the east, Atlantic Avenue and Dean Street to the north and Eastern Parkway to the south.

Prospect Heights, like many areas of New York City, was first inhabited by indigenous tribes and eventually settled by the Dutch and turned into farmland. 

A significant part of the Revolutionary War was fought in Prospect Heights and the surrounding areas. Known as the Battle of Brooklyn, it was the first military engagement following the Declaration of Independence. Things didn’t go so well for American forces so they retreated and the British occupied Manhattan for several years after the Battle of Brooklyn.

In 1867, the opening of Prospect Park caused major housing growth in Prospect Heights. The middle-class neighborhood was soon populated by Jewish, Italian, and Irish workers. Many of which were shop-owners or employed as laborers in nearby factories.

Housing in Prospect Heights includes single-family row houses, historic townhouses, co-ops, and new luxury condos. The median listed price for a 1-bedroom in Prospect Heights is $680,000 with an average price per square foot is $944.

The neighborhood's commercial artery runs along Vanderbilt Avenue and Washington Avenue. The variety of businesses adds to the charm of the neighborhood. They include bars, pubs, restaurants and mom-and-pop stores of all types. The shops and eateries are a perfect alternative to the big-name attractions that bracket the neighborhood. It's a little bit of everything in this neighborhood. 

Subways are plentiful in Prospect Heights. Its proximity to Manhattan is another perk of the neighborhood. It's about a half-hour train ride. The B, D, N, Q, R, 2, 3, 4 and 5 subway lines all serve the Atlantic Avenue/Barclays Center station. 2, 3, 4, B and Q trains cover the neighborhood and the A and C trains are nearby too. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 50360TH