Corner Mixed-Use
For Sale
$2,988,000
1135 Flatbush Ave, Brooklyn, NY 11226
Corner configuration combines commercial spaces with residential apartments in a multi-tenant building.
Property Size4,410 SF
Lot Size0.05 Acres
Price / SF$677.55
Days on Market119
Property Features for 1135 Flatbush Ave
General Information
Standard status
Active
Size
4,410 SF
Lot size
0.05 Acres
Property subtype
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$31,735
Building Details
Building Size
4,410 SF
Year Built
1933
Units
7
Tenancy
Multi
Listing Agency:
5 BORO REALTY CORP
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Elliman
Added: Jun 20
Changed: Oct 7
Last Checked: Oct 14 at 11:32PM
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 5 BORO REALTY CORP
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Investment Insights
Based on property information with market context.
Built in 1933, this mixed-use property occupies a 2,110-square-foot corner lot and contains 4,410 square feet of building area. The layout includes 3 commercial spaces and 4 residential apartments, creating a combination of retail or service occupancy with residential units. The property also includes 4,000 square feet of extra buildable area as identified in the listing information.
Located at 1135 Flatbush Avenue in Brooklyn, the asset has a Walk Score of 90, a Transit Score of 97, and a Bike Score of 66. Its corner position places the building within an active, highly accessible urban corridor.
Located at 1135 Flatbush Avenue in Brooklyn, the asset has a Walk Score of 90, a Transit Score of 97, and a Bike Score of 66. Its corner position places the building within an active, highly accessible urban corridor.
Key Highlights
- 2,110 SF corner lot with a 4,410 SF building
- 3 commercial spaces and 4 residential apartments
- 4,000 sqft of extra buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,788
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,760
$2.2M
Cap Rate 7%
$1,596,971
$1.6M
Cap Rate 9%
$1,242,089
$1.2M
Market Conditions
NOI Build-Up for 4,410 SF
Gross rent
$166.7K $37.80/SF
− Vacancy
−$7.0K −$1.59/SF
EGI
$159.7K $36.21/SF
− OpEx
−$47.9K −$10.86/SF
NOI
$111.8K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,235,760
Cap Rate 7%
$1,596,971
Cap Rate 9%
$1,242,089
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,788 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,385 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,579 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,157
Businesses Nearby
Explore this area
Business Placement
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
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?
Mixed-use property - Corner configuration combines commercial spaces with residential apartments in a multi-tenant building.
Where is this mixed-use property located?
The property is located at 1135 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 2,110 SF corner lot with a 4,410 SF building; 3 commercial spaces and 4 residential apartments; 4,000 sqft of extra buildable area
