Mixed-Use Retail and
For Sale
Contact for pricing
1310-1312 Flatbush Avenue, Brooklyn, NY 11210
Two adjoining buildings offer ground-floor retail with four renovated residences in each, accessed privately from Bedford Avenue.
Property Size9,000 SF
Price / SF$622.11
Days on Market56
Property Features for 1310-1312 Flatbush Avenue
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
R7A / C2-4
Investment Type
Value Add
Net Operating Income
$75,582
Building Details
Year Built
1931
Buildings
2
Units
8
Tenancy
Multi
Listing Agency:
Revived Residential
Listed By:
Rob Burnett · License #10301223506
Source:
Crexi
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 29 at 9:08AM
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 Revived Residential
Investment Insights
Based on property information with market context.
The Bedford Flats is an offering of two adjoining mixed-use buildings. Each building includes a ground-floor retail space fronting Flatbush Avenue along with four fully renovated free-market residences. The residences feature a private residential entrance on Bedford Avenue and include two- and three-bedroom layouts with in-unit washer/dryers, central air conditioning, dishwashers, and modern finishes.
The property is positioned along the Flatbush corridor, with ground-floor retail frontage on Flatbush Avenue and residential access via Bedford Avenue. The public remarks also note convenient proximity to neighborhood shopping and dining, public transportation, and Brooklyn College.
Overall, the configuration provides both street-level retail space and separately entered residential units across two adjoining structures, each with independently accessed residential entry.
The property is positioned along the Flatbush corridor, with ground-floor retail frontage on Flatbush Avenue and residential access via Bedford Avenue. The public remarks also note convenient proximity to neighborhood shopping and dining, public transportation, and Brooklyn College.
Overall, the configuration provides both street-level retail space and separately entered residential units across two adjoining structures, each with independently accessed residential entry.
Key Highlights
- Two adjoining mixed‑use buildings with ground‑floor retail and four renovated free‑market residences per building
- Each building has one ground‑floor retail space fronting Flatbush Avenue
- Residential entries are accessed privately from Bedford Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$431,591
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,631,820
$8.6M
Cap Rate 7%
$6,165,586
$6.2M
Cap Rate 9%
$4,795,456
$4.8M
Market Conditions
NOI Build-Up for 9,000 SF
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.
Gross rent
$699.8K $77.76/SF
− Vacancy
−$83.3K −$9.25/SF
EGI
$616.6K $68.51/SF
− OpEx
−$185.0K −$20.55/SF
NOI
$431.6K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,631,820
Cap Rate 7%
$6,165,586
Cap Rate 9%
$4,795,456
Alternative Uses
Best Use
Retail
$6.17M
$5.39M – $7.19M
NOI $431,591 @ 7.0% cap · market cap 7.71%
Second Best
Mixed Use
$4.67M
$4.08M – $5.45M
NOI $326,700 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$7.45M
$6.52M – $8.69M
NOI $521,640 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
11,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
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 - Two adjoining buildings offer ground-floor retail with four renovated residences in each, accessed privately from Bedford Avenue.
Where is this mixed-use property located?
The property is located at 1310-1312 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,599,000.
What are key features of this property?
This property features: Two adjoining mixed‑use buildings with ground‑floor retail and four renovated free‑market residences per building; Each building has one ground‑floor retail space fronting Flatbush Avenue; Residential entries are accessed privately from Bedford Avenue
