1067 Flatbush Avenue, Brooklyn, NY 11226

Building Details

Buildings 1 More

Tenancy Multi More

Listing Agency: Cushman & Wakefield New York

Listed By: Dylan Walsh · License NY #10401384207 Show Phone

Source: Crexi

Added: Nov 3 Changed: Nov 10 Last Checked: Nov 10 at 8:26AM

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Investment Insights

Based on property information with market context.

At 1067 Flatbush Avenue in Brooklyn, this 4,000 SF walk-up combines two residential units and one commercial unit. Its mixed-use layout brings residential and commercial space together in a single building.

The property sits on the Flatbush Avenue retail corridor, south of Prospect Park. Church Avenue station, served by the B and Q lines, is a short walk away. Nearby shopping, dining, and neighborhood services add to the surrounding commercial and residential context.

Key Highlights

• 4,000 SF mixed‑use walk‑up building
• Two residential units and one commercial unit
• Located on the Flatbush Avenue retail corridor in Brooklyn

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$88,800

Cap Rate

5.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,776,000 $1.8M

Cap Rate 7%

$1,268,571 $1.3M

Cap Rate 9%

$986,667 $986.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,000 SF

Gross rent

$153.6K $38.40/SF

− Vacancy

−$11.5K −$2.88/SF

EGI

$142.1K $35.52/SF

− OpEx

−$53.3K −$13.32/SF

NOI

$88.8K $22.20/SF

Area

ZIP 11226

Vacancy

7.50%

Lease Rate

$38.40 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,776,000

Cap Rate 7%

$1,268,571

Cap Rate 9%

$986,667

Alternative Uses

Best Use

Mixed Use

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,800 @ 7.0% cap · market cap 5.22%

Second Best

Retail

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,083 @ 7.0% cap · market cap 5.06%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

NOI $138,394 @ 7.0% cap · market cap 8.14%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Parts Store Nursing Home Pet Grooming Service Adult Day Care Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

11,936

Businesses Nearby

138k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 40% Apparel 27% Shops & Services 17% Electronics 6%

New York Marriott at the Brooklyn Bridge Hotels & Casinos

48,622 visits/mo 0.5 miles

Goodwill Apparel

18,116 visits/mo 0.3 miles

Mobil Shops & Services

10,567 visits/mo 0.3 miles

The UPS Store Shops & Services

9,497 visits/mo 0.4 miles

Bravo Supermarkets Groceries

7,424 visits/mo 0.4 miles

Demographics for 11226, NY

101,727

Population

42,618

Households

2.4

Avg Household Size

37

Median Age

36%

College-Educated

86%

High-School Grad

1.3 sq mi

ZIP Area

78,252

Density / Sq Mi

$81,084

Median Household Income

$49,892

Median Earnings

$1,751

Median Rent

$866,300

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY

$709 Jul

$640 Aug

$678 Sep

$637 Oct

Properties on Market for Mixed-use properties in Brooklyn

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property pairs two residential units with a commercial unit along Flatbush Avenue.

Where is this mixed-use property located?

The property is located at 1067 Flatbush Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: 4,000 SF mixed‑use walk‑up building; Two residential units and one commercial unit; Located on the Flatbush Avenue retail corridor in Brooklyn