Brick Mixed-Use Two-Family
For Sale
$1,200,000
1329 Flatbush Avenue, Brooklyn, NY 11226
Two three-bedroom residences are positioned above a full-length retail store with direct cellar access.
Property Size3,250 SF
Price / SF$369.23
Days on Market99
Property Features for 1329 Flatbush Avenue
General Information
Standard status
Active
Size
3,250 SF
Property subtype
Mixed Use
Building Details
Construction
brick
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford · License #HANDE791
(718) 758-0600
Source:
Prideestates
Added: Jul 10
Changed: Sep 30
Last Checked: Oct 14 at 10:59PM
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 Century 21 Achievers
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Investment Insights
Based on property information with market context.
This brick mixed-use property combines two family residences with a full-length retail store on the first floor. Each residential unit includes three bedrooms, creating a three-bedroom-over-three-bedroom configuration. The storefront also provides access to the cellar, adding connected lower-level space to the commercial component.
The property is located at 1329 Flatbush Avenue in Brooklyn, New York. Its layout brings residential and retail uses together in a single building, with the storefront occupying the full first-floor footprint described in the property information.
The property is located at 1329 Flatbush Avenue in Brooklyn, New York. Its layout brings residential and retail uses together in a single building, with the storefront occupying the full first-floor footprint described in the property information.
Key Highlights
- Brick mixed‑use building with two family residences
- Two three‑bedroom residential units
- Full‑length retail store on the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,383
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,660
$1.6M
Cap Rate 7%
$1,176,900
$1.2M
Cap Rate 9%
$915,367
$915.4K
Market Conditions
NOI Build-Up for 3,250 SF
Gross rent
$122.8K $37.80/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$117.7K $36.21/SF
− OpEx
−$35.3K −$10.86/SF
NOI
$82.4K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,660
Cap Rate 7%
$1,176,900
Cap Rate 9%
$915,367
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,383 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$1.09M
$952.4K – $1.27M
NOI $76,190 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,445 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
11,936
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two three-bedroom residences are positioned above a full-length retail store with direct cellar access.
Where is this mixed-use property located?
The property is located at 1329 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Brick mixed‑use building with two family residences; Two three‑bedroom residential units; Full‑length retail store on the first floor
