Fully Renovated Mixed-Use Building | Prospect Lefferts Gardens

Overview

TerraCRG is pleased to exclusively represent ownership in the sale of 657 Flatbush Avenue, a fully renovated mixed-use investment opportunity in Prospect Lefferts Gardens, Brooklyn. Situated between Fenimore Street and Hawthorne Street, just blocks from Prospect Park, the three-story property spans approximately 3,272 gross square feet across three units: two free-market residential apartments and a vacant ground-floor retail space with a private rear yard, presenting an ideal opportunity for an owner-user or investor. 

The building was gut-renovated down to the studs in 2017, with all-new systems throughout and a full conversion from its original railroad-style configuration to modern 2BR/2BA layouts with master ensuites and airy, light-filled interiors. Each unit is finished with in-unit washer/dryer, central air-conditioning, stainless-steel appliances, dishwashers, and hardwood floors. The property's tax class protected status, paired with free-market residential income and a vacant retail component, offers investors stable in-place cash flow with the flexibility to lease up or occupy the commercial space.

Positioned along the vibrant Flatbush Avenue corridor, the property benefits from a diverse mix of acclaimed restaurants, cafés, neighborhood retail, and everyday conveniences. Convenient access to the Q, 2, and 5 subway lines provides seamless connectivity throughout Brooklyn and Manhattan.