Corner Mixed-Use Building with
1135 Flatbush Ave Brooklyn, NY 11226
1135 Flatbush Ave, Brooklyn, NY, 11226
$2,988,000
For Sale
$2,988,000
COMMERCIAL - Brooklyn, NY
Property Size4,410 SF
Lot Size0.05 Acres
Price / SF$677.55
Days on Market42
Property Features for 1135 Flatbush Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bathroom 6, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5, Bathroom 4
- Standard status
- Active
- Size
- 4,410 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 31892
Building Details
- Floors in Building
- 3
Listing agency
5 BORO REALTY CORP
(917) 705-0005
Listed by
Nina Sabag
855-305-DEAL
Added: Jun 10 Updated: Jul 11 at 11:33AM Checked: Jul 21 at 11:06AM
MLS# 11816802
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1135 Flatbush Avenue is a corner mixed-use building featuring three commercial spaces and four residential apartments. The property includes approximately 4,410 SF of built space on a 2,110 SF lot. Built features support both income-producing retail and residential operations.
The site has southeast corner exposure and retail frontage along Flatbush Avenue. Zoning is R7A / C2-4, with a current FAR of 2.09 and a stated maximum buildable area of 8,440 SF, leaving an additional buildable area of 4,030 SF.
As reported by the seller, the property currently generates annual Net Operating Income (NOI) of $147,052, with projected NOI of $183,856. Annual property taxes are listed at $31,892.
The site has southeast corner exposure and retail frontage along Flatbush Avenue. Zoning is R7A / C2-4, with a current FAR of 2.09 and a stated maximum buildable area of 8,440 SF, leaving an additional buildable area of 4,030 SF.
As reported by the seller, the property currently generates annual Net Operating Income (NOI) of $147,052, with projected NOI of $183,856. Annual property taxes are listed at $31,892.
Key Highlights
- Mixed‑use property at 1135 Flatbush Avenue on a 2,110 SF corner lot
- Contains approx. 4,410 SF built space with 3 commercial spaces and 4 residential apartments
- Zoned R7A / C2‑4 with current FAR of 2.09 and maximum buildable area of 8,440 SF
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.7k | $37.80 |
| − Vacancy | −$7.0k | −$1.59 |
| EGI | $159.7k | $36.21 |
| − OpEx | −$47.9k | −$10.86 |
| NOI | $111.8k | $25.35 |
4,410 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,788 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,385 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,579 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
John Shirts Spellman
Resort
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use corner property with three commercial spaces and four residential apartments on a 2,110 SF lot.
Where is this mixed-use property located?
The property is located at 1135 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: Mixed‑use property at 1135 Flatbush Avenue on a 2,110 SF corner lot; Contains approx. 4,410 SF built space with 3 commercial spaces and 4 residential apartments; Zoned R7A / C2‑4 with current FAR of 2.09 and maximum buildable area of 8,440 SF
