Mixed-Use Building with Retail
For Sale
$1,580,000
1368 Flatbush Avenue, Brooklyn, NY 11210
Three-story property combines commercial space with two renovated residential apartments.
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$478.79
Days on Market46
Property Features for 1368 Flatbush Avenue
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Mixed Use
Zoning
R7a / C2-4 Commercial Overlay
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
Full Basement
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
ZiQing (Ken) Li · License #ZQL9541
(718) 680-2776
Source:
Prideestates
Added: Aug 22
Changed: Sep 10
Last Checked: Oct 5 at 6:02PM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor retail storefront, two renovated three-bedroom, two-bathroom apartments, and a full open basement serving storage and utility functions. The building measures 20 x 55 feet, sits on an approximately 20 x 100-foot lot, and includes three parking spaces plus rear garage access.
The property is located along Flatbush Avenue in Brooklyn, within an R7A zoning district with a C2-4 commercial overlay. The configuration places retail and residential components in one building, with an adjacent parcel at 1366 Flatbush Avenue identified as an assemblage option. Public transit access is also noted in the surrounding commercial corridor.
The property is located along Flatbush Avenue in Brooklyn, within an R7A zoning district with a C2-4 commercial overlay. The configuration places retail and residential components in one building, with an adjacent parcel at 1366 Flatbush Avenue identified as an assemblage option. Public transit access is also noted in the surrounding commercial corridor.
Key Highlights
- Ground‑floor retail storefront with two renovated 3‑bedroom, 2‑bathroom apartments
- Full open basement provides storage and utility space
- Approximately 3,300 SF property on a 20 x 100‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,790
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,800
$2.4M
Cap Rate 7%
$1,711,286
$1.7M
Cap Rate 9%
$1,331,000
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$217.8K $66.00/SF
− Vacancy
−$26.1K −$7.92/SF
EGI
$191.7K $58.08/SF
− OpEx
−$71.9K −$21.78/SF
NOI
$119.8K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,395,800
Cap Rate 7%
$1,711,286
Cap Rate 9%
$1,331,000
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,250 @ 7.0% cap · market cap 10.02%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,790 @ 7.0% cap · market cap 7.58%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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 - Three-story property combines commercial space with two renovated residential apartments.
Where is this mixed-use property located?
The property is located at 1368 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Ground‑floor retail storefront with two renovated 3‑bedroom, 2‑bathroom apartments; Full open basement provides storage and utility space; Approximately 3,300 SF property on a 20 x 100‑foot lot
