A ƙarshe, bayan fiye da shekaru goma ba tare da samuwar kasuwancin shagunan gini kan Flatbush Avenue ba, dama ta bayyana a 315 Flatbush Avenue.

Wannan ginin condo na kafar kafa mai murabba'in 1774, wanda ya kasance fiye da murabba'in 1000 a bene na farko tare da fiye da murabba'in 700 na ajiya a ƙasan bene, yanzu yana kan kasuwa bayan shekaru 20.

A halin yanzu, hayar hanyoyi a kan Flatbush Avenue sun ci gaba da wuce randin $150 a kowanne murabba'i. A wannan farashin, bene na farko zai samar da fiye da $150,000 na kudin shiga.

Shagon UPS yana so ya ci gaba da zama na ƙarin shekaru 5, aƙalla. Hayar su ta ba su zaɓin ƙarin shekaru 5, wanda suke son su yi amfani da shi, amma ba ta ambaci sharuɗɗan musamman ba. Abin da aka gada shine alhakin mai haya na kowanne haraji na RE sama da ƙimar 2004/2005. Idan an sabunta su a ƙimar Flavor Town, wani deli a ɗaya daga cikin titin wanda ya sanya hannu a kan hayar $143 ppsf a cikin 2024, to, hoton kudi zai zama kamar haka:

Jimlar Kudin Shiga: $143,000
Harajin RE: $4,667
Farashin CAM kowace shekara $12,384
Yawan Kasuwanci $0
Jimlar Kudin Kwasaita $17,051

Kudin Shiga: $125,949

Cap Rate @ $1.65M 7.6%

Ba wai mara kyau bane ga unguwar da dukiyar kasuwanci ke canza hannaye a ƙarƙashin cap rate na 5%.

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.