Commercial Building with
2178 Flatbush Ave Brooklyn, NY 11234
For Sale
$1,199,000
Semi-attached commercial building with two units and commercial kitchen.
Property Size1,190 SF
Lot Size0.04 Acres
Price / SF$1,007
Days on Market139
Property Features for 2178 Flatbush Ave
General Information
- Standard status
- Active
- Size
- 1,190 SF
- Lot size
- 0.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing Agency:
Bergen Basin Realty
(718) 763-4110
Listed By:
Jason Sciulara
(718) 763-4110
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 26 at 11:12AM
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 Bergen Basin Realty
Investment Insights
Based on property information with market context.
Located on Flatbush Avenue, this semi-attached commercial building features two separate units, each equipped with its own HVAC system. The building includes a finished basement with a commercial kitchen. The building size is 17.5 x 68 feet, situated on a 17.5 x 100 feet property. The property is zoned R3-2/C2-2. The property is located in a high-traffic area and offers accessibility to public transportation and the Belt Parkway. The property will be delivered vacant.
Key Highlights
- Prime location in a high traffic area
- Two separate units with large floor plans
- Turn‑key ready and delivered vacant
Financial Insights For Specialty 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 | $100.0k | $84.00 |
| − Vacancy | −$8.0k | −$6.72 |
| EGI | $92.0k | $77.28 |
| − OpEx | −$23.0k | −$19.32 |
| NOI | $69.0k | $57.96 |
1,190 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$985.3K
$862.2K – $1.15M
NOI $68,972 @ 7.0% cap · market cap 5.75%
Second Best
Industrial
$302.4K
$264.6K – $352.8K
NOI $21,170 @ 7.0% cap · market cap 1.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Footloose Cafe
Restaurant
FAQs
What type of property is this?
Commercial kitchen - Semi-attached commercial building with two units and commercial kitchen.
Where is this commercial kitchen located?
The property is located at 2178 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Prime location in a high traffic area; Two separate units with **large floor plans**; Turn‑key ready and delivered vacant
