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 Market91
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
Listed By:
Robert J. Burnett
(929) 379-3750
Source:
Prideestates
Added: Jul 17
Changed: Oct 3
Last Checked: Oct 12 at 8:25PM
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 / Yr
$431,591
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
