Mixed-Use Restaurant and
For Sale
$2,499,988
747 Flushing Avenue, Brooklyn, NY 11206
COMMERCIAL - Brooklyn, NY
Property Size3,843 SF
Price / SF$650.53
Days on Market256
Property Features for 747 Flushing Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Subdivision
Broadway Triangle
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
4577
Building Details
Floors in Building
3
Listing Agency:
ONE STOP MULTISERVICE INC
(718) 554-0257
Listed By:
Hans Campana
(718) 554-0257
Added: Nov 21, 2025
Changed: Aug 3
Last Checked: Aug 4 at 8:06AM
MLS# 11610205
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.
747 Flushing Avenue is a mixed-use property featuring one ground-floor commercial space with two large three-bedroom apartments above. The basement includes storage and a separate boiler room. Tenants have separate meters and pay their own utilities, including water.
The building totals 3,843 sq ft, with approximately 1,838 sq ft of unused FAR that may be buildable pending verification with an architect. The property is located directly across from Woodhull Hospital and is just half a block to the J and M trains at the Flushing Ave Station, with B43/B57 buses nearby.
HPD has approved a large-scale development plan for the Broadway Triangle area that includes new commercial spaces and approximately 400 affordable housing units, supporting long-term demand in the corridor.
The building totals 3,843 sq ft, with approximately 1,838 sq ft of unused FAR that may be buildable pending verification with an architect. The property is located directly across from Woodhull Hospital and is just half a block to the J and M trains at the Flushing Ave Station, with B43/B57 buses nearby.
HPD has approved a large-scale development plan for the Broadway Triangle area that includes new commercial spaces and approximately 400 affordable housing units, supporting long-term demand in the corridor.
Key Highlights
- 3,843 sq ft mixed‑use building with one ground‑floor commercial space
- Two large three‑bedroom apartments above the commercial space
- Basement includes storage plus a separate boiler room
Financial Insights For Specialty Retail
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 | $322.8k | $84.00 |
| − Vacancy | −$25.8k | −$6.72 |
| EGI | $297.0k | $77.28 |
| − OpEx | −$74.2k | −$19.32 |
| NOI | $222.7k | $57.96 |
3,843 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,740 @ 7.0% cap · market cap 8.91%
Second Best
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,588 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,121
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground-floor restaurant space with two large three-bedroom apartments above, plus basements with storage and a separate boiler room.
Where is this conventional restaurant located?
The property is located at 747 Flushing Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,988.
What are key features of this property?
This property features: 3,843 sq ft mixed‑use building with one ground‑floor commercial space; Two large three‑bedroom apartments above the commercial space; Basement includes storage plus a separate boiler room
