Mixed-Use Property with
For Sale
$5,599,000
1310 Flatbush Avenue, Brooklyn, NY 11210
Two adjoining buildings combine commercial space with free-market apartments and separate entrances for each component.
Property Size9,000 SF
Price / SF$622.11
Days on Market45
Property Features for 1310 Flatbush Avenue
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Mixed Use
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
6 x 2BR, 2 x 3BR
Multifamily Units
8
Amenities
central air conditioning
in-unit washer/dryer
dishwashers
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Revived Residential
(929) 379-3750
Listed By:
Robert J. Burnett
(929) 379-3750
Source:
Prideestates
Added: Jul 17
Changed: Aug 29
Last Checked: Aug 30 at 5:39PM
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.
This mixed-use investment consists of two adjoining buildings at 1310 and 1312 Flatbush Avenue. The property contains 9,000 square feet with two ground-floor commercial storefronts and eight free-market residential apartments. The residential mix includes six 2-bedroom apartments and two 3-bedroom apartments. Storefronts address Flatbush Avenue, while separate residential entrances are located along Bedford Avenue.
All eight apartments have undergone a complete gut renovation and are nearing completion. Planned apartment features include modern finishes, central air conditioning, in-unit washer/dryers, dishwashers, and upgraded building systems. Improvements to the commercial areas and shared infrastructure include plumbing, electrical, HVAC, and basement work. The commercial spaces are occupied, while the residential apartments are vacant. The property is near Brooklyn College and public transportation.
All eight apartments have undergone a complete gut renovation and are nearing completion. Planned apartment features include modern finishes, central air conditioning, in-unit washer/dryers, dishwashers, and upgraded building systems. Improvements to the commercial areas and shared infrastructure include plumbing, electrical, HVAC, and basement work. The commercial spaces are occupied, while the residential apartments are vacant. The property is near Brooklyn College and public transportation.
Key Highlights
- Two adjoining buildings totaling 9,000 square feet
- Two commercial storefronts and eight free‑market residential apartments
- Residential mix includes six 2‑bedroom and two 3‑bedroom apartments
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
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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 combine commercial space with free-market apartments and separate entrances for each component.
Where is this mixed-use property located?
The property is located at 1310 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 buildings totaling 9,000 square feet; Two commercial storefronts and eight free‑market residential apartments; Residential mix includes six 2‑bedroom and two 3‑bedroom apartments
