33 Flatbush Avenue

Brooklyn, NY

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Offering Memorandum

1550 Bedford Avenue OM

Building

Summary

  • Asking Price Submit Offers
  • Lot Size 6,336 SF
  • Stories 7
  • Existing Building 47,990 SF

The Offering

Avison Young, as exclusive agent, is pleased to present the opportunity to acquire 33 Flatbush Avenue (the “Property”), also known as the Metropolitan Exchange Building, a 47,990 SF 7-story elevator commercial property spanning Flatbush Avenue block through to Rockwell Place, between Fulton Street and Lafayette Avenue in Downtown Brooklyn. This rare offering provides investors with the chance to reposition or redevelop a historically significant asset in one of Brooklyn’s most dynamic and rapidly evolving commercial hubs. 

With expansive floor plates, dramatic ceiling heights, and a highly visible location, the property is primed for a transformative redevelopment as a flagship commercial destination, creative office space, or residential conversion. Its strategic positioning in a high-density, transit-rich corridor further enhances the runway for long-term value, making it an exceptional investment opportunity in the heart of Brooklyn.

Highlights

Existing Property Conditions

Vacant Possession with Owner-User Potential

Prime Retail Repositioning
Significant Development Potential

Residential Conversion Opportunity Capitalizing on Newly Released 467-M Tax Exemption

Exceptional Transit Access

Team

Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554
Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051
Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557
Lea Voytovich

Lea Voytovich

Associate
Avison Young
212 729 3019