Mixed-Use Building with
950 FLATBUSH AVE Brooklyn, NY 11226
950 FLATBUSH AVE, Brooklyn, NY, 11226
$2,699,000
For Sale
$2,699,000
COMMERCIAL - BROOKLYN, NY
Property Size4,756 SF
Lot Size0.05 Acres
Price / SF$567.49
Days on Market69
Property Features for 950 FLATBUSH AVE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 6
- Rooms
- Bathroom 2, Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 1, Bathroom 3
- Security features
- Security System
- Standard status
- Active
- Size
- 4,756 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 37030
Utilities
- Heating system
- Electric (Heating)
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Stucco, Brick
Listing agency
5 BORO REALTY CORP
(917) 705-0005
Listed by
Nina Sabag
855-305-DEAL
Added: May 14 Updated: Jul 16 at 6:55PM Checked: Jul 21 at 8:06AM
MLS# 11775350
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 mixed-use property includes five residential units and one leased ground-floor retail space within a three-story building. The residential mix consists of one studio garden apartment, three one-bedroom apartments, and one two-bedroom apartment. A full walk-out basement provides additional usable space.
The commercial component is located on the ground level and is leased to Carvel, generating $7,000 per month in rental income. The building is positioned at 950 Flatbush Avenue in Brooklyn and is described as having public transportation access and proximity to neighborhood amenities.
The property site is 20' x 113.67', with a building footprint of 20' x 85'. Reported zoning is R7A/C4-4A (R7A Equivalent). Showing is by appointment only all week.
The commercial component is located on the ground level and is leased to Carvel, generating $7,000 per month in rental income. The building is positioned at 950 Flatbush Avenue in Brooklyn and is described as having public transportation access and proximity to neighborhood amenities.
The property site is 20' x 113.67', with a building footprint of 20' x 85'. Reported zoning is R7A/C4-4A (R7A Equivalent). Showing is by appointment only all week.
Key Highlights
- Mixed‑use property under construction, planned Year Built 2026, with 5 residential units plus 1 ground‑floor retail store
- Retail space leased to Carvel (moving in next month), generating $7,000/month rental income from an established tenant
- Residential unit mix: 1 studio garden apartment, 3 one‑bedroom apartments, and 1 two‑bedroom apartment
Local Financial Insights For Apartment 5plus
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 | $211.2k | $44.40 |
| − Vacancy | −$8.4k | −$1.78 |
| EGI | $202.7k | $42.62 |
| − OpEx | −$91.2k | −$19.18 |
| NOI | $111.5k | $23.44 |
4,756 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,496 @ 7.0% cap · market cap 4.13%
Second Best
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,583 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,550 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Apartment building - Three-story mixed-use building with five residential units and a ground-floor retail lease.
Where is this apartment building located?
The property is located at 950 FLATBUSH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Mixed‑use property under construction, planned Year Built 2026, with 5 residential units plus 1 ground‑floor retail store; Retail space leased to Carvel (moving in next month), generating $7,000/month rental income from an established tenant; Residential unit mix: 1 studio garden apartment, 3 one‑bedroom apartments, and 1 two‑bedroom apartment
