Multifamily
For Sale
$1,100,000
10808 Flatlands 8th St, Brooklyn, NY 11236
Established multifamily asset requiring 24 hours’ notice before showings.
Property Size2,384 SF
Days on Market70
Property Features for 10808 Flatlands 8th St
General Information
Standard status
Active
Size
2,384 SF
Property subtype
Multi Family
Building Details
Building Size
2,384 SF
Year Built
1965
Stories
1
Listing Agency:
Brooklyn Real Property Inc.
Listed By:
Stephanie Warren
(718) 272-8988
Source:
Elliman
Added: Aug 20
Changed: Oct 26
Last Checked: Oct 26 at 6:33PM
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 Brooklyn Real Property Inc.
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Investment Insights
Based on property information with market context.
This multifamily property was constructed in 1965 and is offered for sale. Showings require at least 24 hours’ advance notice.
The property is located at 10808 Flatlands 8th St in Brooklyn, New York. Transportation indicators include a bike score of 57, a walk score of 36, and a transit score of 68.
The property is located at 10808 Flatlands 8th St in Brooklyn, New York. Transportation indicators include a bike score of 57, a walk score of 36, and a transit score of 68.
Key Highlights
- Multifamily property built in 1965
- 24 hours’ advance notice required for showings
- Located at 10808 Flatlands 8th St, Brooklyn, NY 11236
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,781
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,620
$1.5M
Cap Rate 7%
$1,039,729
$1.0M
Cap Rate 9%
$808,678
$808.7K
Market Conditions
NOI Build-Up for 2,384 SF
Gross rent
$135.0K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$132.3K $55.51/SF
− OpEx
−$59.5K −$24.98/SF
NOI
$72.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,455,620
Cap Rate 7%
$1,039,729
Cap Rate 9%
$808,678
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$909.8K – $1.21M
NOI $72,781 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,177 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Established multifamily asset requiring 24 hours’ notice before showings.
Where is this multifamily property located?
The property is located at 10808 Flatlands 8th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Multifamily property built in 1965; 24 hours’ advance notice required for showings; Located at 10808 Flatlands 8th St, Brooklyn, NY 11236
