Corner Mixed-Use
For Sale
$2,880,000
1135 Flatbush Ave, Brooklyn, NY 11226
Commercial Sale, Brooklyn, NY
Property Size4,410 SF
Lot Size0.05 Acres
Price / SF$653.06
Days on Market145
Property Features for 1135 Flatbush Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 7, Bathroom 6, Bathroom 2, Bathroom 5
Subdivision
Flatbush
Standard status
Active
Size
4,410 SF
Lot size
0.05 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Annual Amount
31892
Building Details
Floors in Building
3
Buildings
1
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Jun 10
Changed: Oct 27
Last Checked: Nov 1 at 11:06PM
MLS# 11816802
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.
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Investment Insights
Based on property information with market context.
This mixed-use property at 1135 Flatbush Avenue occupies a 2,110 SF corner lot and contains approximately 4,410 SF of existing space. The building includes 3 commercial spaces and 4 residential apartments, combining storefront activity with multifamily occupancy. Southeast corner exposure adds frontage along the Flatbush Avenue corridor.
The property is zoned R7A / C2-4 and has a current FAR of 2.09. Maximum buildable area is 8,440 SF, leaving documented development capacity beyond the existing structure. Its Brooklyn location provides access to a commercial corridor with retail and residential uses in the surrounding area.
The property is zoned R7A / C2-4 and has a current FAR of 2.09. Maximum buildable area is 8,440 SF, leaving documented development capacity beyond the existing structure. Its Brooklyn location provides access to a commercial corridor with retail and residential uses in the surrounding area.
Key Highlights
- 3 commercial spaces and 4 residential apartments
- 2,110 SF corner lot on Flatbush Avenue
- Approximately 4,410 SF of existing building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,385
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,067,700
$2.1M
Cap Rate 7%
$1,476,929
$1.5M
Cap Rate 9%
$1,148,722
$1.1M
Market Conditions
NOI Build-Up for 4,410 SF
Gross rent
$195.8K $44.40/SF
− Vacancy
−$7.8K −$1.78/SF
EGI
$188.0K $42.62/SF
− OpEx
−$84.6K −$19.18/SF
NOI
$103.4K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,067,700
Cap Rate 7%
$1,476,929
Cap Rate 9%
$1,148,722
Alternative Uses
Best Use
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,385 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$1.40M
$1.22M – $1.63M
NOI $97,902 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,579 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,157
Businesses Nearby
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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
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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 - Flatbush Avenue asset combines commercial frontage with residential apartment income and additional development capacity.
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 $2,880,000.
What are key features of this property?
This property features: 3 commercial spaces and 4 residential apartments; 2,110 SF corner lot on Flatbush Avenue; Approximately 4,410 SF of existing building area
