Mixed-Use Building with Vacant
1692 Flatbush Ave Brooklyn, NY 11210
1692 Flatbush Ave, Brooklyn, NY, 11210
$1,400,000
For Sale
$1,400,000
COMMERCIAL - Brooklyn, NY
Property Size2,760 SF
Lot Size0.02 Acres
Price / SF$507.25
Days on Market44
Property Features for 1692 Flatbush Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,760 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7554
Utilities
- Heating system
- Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
Listing agency
5 BORO REALTY CORP
(917) 705-0005
Listed by
Nina Sabag
855-305-DEAL
Added: Jun 8 Updated: Jul 9 at 6:47AM Checked: Jul 21 at 11:06AM
MLS# 11803053
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.
This for-sale mixed-use building consists of three units: a vacant ground-floor commercial space and two residential apartments on the upper levels. The commercial area is delivered vacant, providing flexibility for an owner-occupant or investor to lease it to a tenant that fits the space. With approximately 19'10" of frontage on Flatbush, the retail portion offers direct street presence and visibility for day-to-day foot traffic.
The property is positioned at 1692 Flatbush Ave in Brooklyn, NY 11210. It sits directly on Flatbush Avenue, with storefront frontage designed for street-level accessibility. The building also benefits from a transit-served retail corridor, with multiple bus lines indicated in the remarks.
From a tenant or buyer perspective, the combination of residential income above and a customizable retail space below supports a straightforward live-and-lease or invest-and-lease approach. Because the ground-floor unit is already vacant, the new owner can control the commercial leasing strategy from the start while retaining the existing apartment income component.
The property is positioned at 1692 Flatbush Ave in Brooklyn, NY 11210. It sits directly on Flatbush Avenue, with storefront frontage designed for street-level accessibility. The building also benefits from a transit-served retail corridor, with multiple bus lines indicated in the remarks.
From a tenant or buyer perspective, the combination of residential income above and a customizable retail space below supports a straightforward live-and-lease or invest-and-lease approach. Because the ground-floor unit is already vacant, the new owner can control the commercial leasing strategy from the start while retaining the existing apartment income component.
Key Highlights
- 3‑unit mixed‑use building with a vacant ground‑floor commercial space and 2 residential apartments above
- Ground‑floor retail offers 19'10" of frontage on Flatbush Avenue for full control over tenanting and operations
- Existing residential income from two apartments above
Local Financial Insights For Mixed Use
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 | $182.2k | $66.00 |
| − Vacancy | −$21.9k | −$7.92 |
| EGI | $160.3k | $58.08 |
| − OpEx | −$60.1k | −$21.78 |
| NOI | $100.2k | $36.30 |
2,760 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.21M
NOI $132,355 @ 7.0% cap · market cap 9.45%
Second Best
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,188 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LiL Daddy Smoke ...
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-unit property with vacant ground-floor retail frontage and two residential apartments above for immediate rental income.
Where is this mixed-use property located?
The property is located at 1692 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3‑unit mixed‑use building with a vacant ground‑floor commercial space and 2 residential apartments above; Ground‑floor retail offers 19'10" of frontage on Flatbush Avenue for full control over tenanting and operations; Existing residential income from two apartments above
