Mixed-Use
New
For Sale
$1,650,000
1073 Flatbush Avenue, Brooklyn, NY 11226
Interior systems include wall/window units for cooling and baseboard, along with other heating.
Property Size4,896 SF
Days on Market7
Property Features for 1073 Flatbush Avenue
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$31,847
Amenities
Wall/Window Unit(s)
Baseboard, Other
Other
On Street
Building Details
Building Size
4,896 SF
Year Built
1910
Listing Agency:
Chase Global Realty Corp
Listed By:
Kayo Lee
(917) 225-5503
Source:
Evrealestate
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 5:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chase Global Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property was built in 1910. Interior features include wall/window units and baseboard, as well as other heating systems. The property is located at 1073 Flatbush Avenue in Brooklyn, within Kings County.
Key Highlights
- Built in 1910
- Wall/window units for cooling
- Baseboard and other heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,630
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,412,600
$2.4M
Cap Rate 7%
$1,723,286
$1.7M
Cap Rate 9%
$1,340,333
$1.3M
Market Conditions
NOI Build-Up for 4,896 SF
Gross rent
$173.3K $35.40/SF
− Vacancy
−$12.5K −$2.55/SF
EGI
$160.8K $32.85/SF
− OpEx
−$40.2K −$8.21/SF
NOI
$120.6K $24.64/SF
Area
ZIP 11226
Vacancy
7.20%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,412,600
Cap Rate 7%
$1,723,286
Cap Rate 9%
$1,340,333
Alternative Uses
Best Use
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,630 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,778 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,394 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior systems include wall/window units for cooling and baseboard, along with other heating.
Where is this mixed-use property located?
The property is located at 1073 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Built in 1910; Wall/window units for cooling; Baseboard and other heating systems
