Corner Mixed-Use Building with
For Sale
$2,988,000
1135 Flatbush Ave, Brooklyn, NY 11226
COMMERCIAL - Brooklyn, NY
Property Size4,410 SF
Lot Size0.05 Acres
Price / SF$677.55
Days on Market53
Property Features for 1135 Flatbush Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 7, Bathroom 1, Bathroom 4, Bathroom 3
Subdivision
Flatbush
Standard status
Active
Size
4,410 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
31892
Building Details
Floors in Building
3
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Jun 10
Changed: Jul 30
Last Checked: Aug 1 at 3:06AM
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.
Investment Insights
Based on property information with market context.
1135 Flatbush Avenue is a corner mixed-use building featuring three commercial spaces and four residential apartments. The property includes approximately 4,410 SF of built space on a 2,110 SF lot. Built features support both income-producing retail and residential operations.
The site has southeast corner exposure and retail frontage along Flatbush Avenue. Zoning is R7A / C2-4, with a current FAR of 2.09 and a stated maximum buildable area of 8,440 SF, leaving an additional buildable area of 4,030 SF.
As reported by the seller, the property currently generates annual Net Operating Income (NOI) of $147,052, with projected NOI of $183,856. Annual property taxes are listed at $31,892.
The site has southeast corner exposure and retail frontage along Flatbush Avenue. Zoning is R7A / C2-4, with a current FAR of 2.09 and a stated maximum buildable area of 8,440 SF, leaving an additional buildable area of 4,030 SF.
As reported by the seller, the property currently generates annual Net Operating Income (NOI) of $147,052, with projected NOI of $183,856. Annual property taxes are listed at $31,892.
Key Highlights
- Mixed‑use property at 1135 Flatbush Avenue on a 2,110 SF corner lot
- Contains approx. 4,410 SF built space with 3 commercial spaces and 4 residential apartments
- Zoned R7A / C2‑4 with current FAR of 2.09 and maximum buildable area of 8,440 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.7k | $37.80 |
| − Vacancy | −$7.0k | −$1.59 |
| EGI | $159.7k | $36.21 |
| − OpEx | −$47.9k | −$10.86 |
| NOI | $111.8k | $25.35 |
4,410 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use corner property with three commercial spaces and four residential apartments on a 2,110 SF lot.
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: Mixed‑use property at 1135 Flatbush Avenue on a 2,110 SF corner lot; Contains approx. 4,410 SF built space with 3 commercial spaces and 4 residential apartments; Zoned R7A / C2‑4 with current FAR of 2.09 and maximum buildable area of 8,440 SF
