Mixed-Use Property with Additional Buildable
1135 Flatbush Avenue Brooklyn, NY 11210
1135 Flatbush Avenue, Brooklyn, NY, 11210
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For Sale
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Mixed-use building currently leased to multiple commercial and residential tenants, with substantial additional buildable area.
Property Size4,410 SF
Price / SF$677.55
Days on Market43
Property Features for 1135 Flatbush Avenue
General Information
- Standard status
- Active
- Size
- 4,410 SF
- Property subtype
- Mixed Use
Listing agency
5 Boro Realty Corp
(855) 305-3325
Listed by
Nina Sabag
Source
Crexi
Added: Jun 10 Updated: Jul 21 at 6:53PM Checked: Jul 21 at 6:53PM
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
Investment Insights
Based on property information with market context.
This mixed-use property is currently generating income from multiple tenants, including both commercial and residential units. The existing built area totals 4,410 SF on a 2,110 SF lot, and the property includes an additional 4,030 SF of buildable area. With the approved maximum buildable area reaching 8,440 SF, the site offers meaningful development upside based on the stated capacity.
Located at 1135 Flatbush Avenue in Brooklyn, NY, the asset is positioned for investors or operators looking to combine current rental income with further improvements enabled by the property’s buildable parameters.
Located at 1135 Flatbush Avenue in Brooklyn, NY, the asset is positioned for investors or operators looking to combine current rental income with further improvements enabled by the property’s buildable parameters.
Key Highlights
- Mixed‑use property at 1135 Flatbush Avenue, Brooklyn, NY with 4,410 SF of current built area
- On a 2,110 SF lot with 4,030 SF of additional buildable area and maximum buildable area of 8,440 SF
- Currently generating income from multiple tenants, including commercial and residential units
Local Financial Insights For Retail
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 | $342.9k | $77.76 |
| − Vacancy | −$40.8k | −$9.25 |
| EGI | $302.1k | $68.51 |
| − OpEx | −$90.6k | −$20.55 |
| NOI | $211.5k | $47.95 |
4,410 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.02M
$2.64M – $3.52M
NOI $211,480 @ 7.0% cap · market cap 7.08%
Second Best
Mixed Use
$2.29M
$2.00M – $2.67M
NOI $160,083 @ 7.0% cap · market cap 5.36%
Theoretical Best
Specialty Retail
$3.65M
$3.20M – $4.26M
NOI $255,604 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building currently leased to multiple commercial and residential tenants, with substantial additional buildable area.
Where is this mixed-use property located?
The property is located at 1135 Flatbush Avenue 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, Brooklyn, NY with 4,410 SF of current built area; On a 2,110 SF lot with 4,030 SF of additional buildable area and maximum buildable area of 8,440 SF; Currently generating income from multiple tenants, including commercial and residential units
