1137 Flatbush Ave, Brooklyn, NY 11226
Six-unit multifamily property in Flatbush neighborhood.
- Added:
- Feb 4, 2026
- Days on Market:
- 154
- Last Refresh:
- Jul 4 at 5:01 am
Property Features for 1137 Flatbush Ave
General Information
- Standard status
- Active
- Size
- 5,170 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1933
Listing office Marcus & Millichap - NYM Group
Listing date Feb 4, 2026
Source Crexi
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 Marcus & Millichap - NYM Group
HighLights
- 6‑unit Multifamily Property
- Located in Flatbush neighborhood
- Offered for $1,795,000
- Built in 1933
Overview
Local Financial Insights For Apartment 5plus
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 | $229.5k | $44.40 |
| − Vacancy | −$9.2k | −$1.78 |
| EGI | $220.4k | $42.62 |
| − OpEx | −$99.2k | −$19.18 |
| NOI | $121.2k | $23.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.957162
- Latitude
- 40.64253
