Flatbush Multifamily Property for
For Sale
$500,000
1137 Flatbush Ave, Brooklyn, NY 11226
Six-unit multifamily property in Flatbush neighborhood.
Property Size5,170 SF
Price / SF$96.71
Days on Market156
Property Features for 1137 Flatbush Ave
General Information
Standard status
Active
Size
5,170 SF
Property subtype
Multifamily
Amenities
Auction - Aug 3-5, 2026 | Starting Bid: $500,000
Mixed-Use Brooklyn Building — 4 over 1: Four free market residential units above 1,700 SF of occupied ground-floor commercial space
100% Free Market — No Rent Stabilization: All four residential units are free market, offering full flexibility to mark rents to market.
Residential Rent Upside to $2,600/Unit: Current avg of $2,211/month trails pro forma by $389/unit, providing clear and immediate upside.
3,672 SF of Unused Air Rights In Place: R7A/C2-4A zoning with 4.0 max FAR supports meaningful future development or vertical expansion.
Flatbush Ave Retail — Leased Through 2036: 1,700 SF commercial space generates $6,300/month, leased to a single operator through Jan 2036.
2/5 Subway Access Steps from the Building: The Flatbush Ave–Brooklyn College station puts riders on the 2 and 5 lines within a short walk.
Building Details
Building Size
5,170 SF
Units
6
Listing Agency:
New York City Office
(718) 475-4369
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Mar 27
Changed: Aug 28
Last Checked: Aug 28 at 7:03AM
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 New York City Office
Investment Insights
Based on property information with market context.
A 6-unit multifamily property is available in the Flatbush neighborhood. The property has a size of 5170 square feet.
Key Highlights
- 6‑unit Multifamily Property
- Located in Flatbush neighborhood
- Offered for $1,795,000
Property Analytics
Property Profile
Current Use
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property in Flatbush neighborhood.
Where is this apartment building located?
The property is located at 1137 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 6‑unit Multifamily Property; Located in Flatbush neighborhood; Offered for $1,795,000
