---
title: "315 FLATBUSH Avenue #2, Brooklyn, NY 11217"
description: "315 FLATBUSH Avenue #2, Brooklyn, NY 11217 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,650,000. Est. potential buyer savings up to $41,250 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11217/315-flatbush-avenue-2-ny-11217"
source: "Real Estate Rebate Team"
---

# 315 FLATBUSH Avenue #2, Brooklyn, NY 11217

> **Listing Courtesy of:** Corcoran Group

## Description

Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue. 
 
 Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years. 
 
 Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income. 
 
 The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this: 
 
 Gross Income: $143,000 
 RE Taxes: $4,667 
 CAM Charges Annually $12,384 
 Vacancy Allowance $0 
 Total Expenses $17,051 
 
 Net Income: $125,949 
 
 Cap Rate @ $1.65M 7.6% 
 
 Not bad for a neighborhood where commercial property changes hands at a 5% cap rate.

## Property Details

- **Price**: $1,650,000
- **Potential Buyer Rebate**: $41,250
- **Bedrooms**: 0
- **Bathrooms**: 1 full, 1 half
- **Property Type**: Residential
- **Year Built**: 1889
- **Building**: PROSPECT VIEW
- **Neighbourhood**: Prospect Heights
- **Area / Borough**: Brooklyn
- **Subdivision**: Prospect Heights
- **Listing Office**: Corcoran Group
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$41,250** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/prospect-view)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/prospect-heights)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

---

> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.