Three-Story Mixed-Use
For Sale
$1,350,000
1366 Flatbush Avenue, Brooklyn, NY 11210
Restaurant space anchors two renovated residential apartments in a brick building with R7A and C2-4 zoning.
Property Size3,420 SF
Lot Size0.04 Acres
Price / SF$394.74
Days on Market93
Property Features for 1366 Flatbush Avenue
General Information
Standard status
Active
Size
3,420 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Zoning
R7A, C2-4
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Floor
Ground
Frontage
20 ft
Building Details
Buildings
1
Stories
3
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(718) 680-2776
Source:
Prideestates
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 19 at 6:24AM
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.
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Investment Insights
Based on property information with market context.
This three-story mixed-use property combines a ground-floor restaurant with two residential apartments above. The second- and third-floor units each offer three bedrooms, two bathrooms, and an open living and dining area, with recent renovations and modern finishes. The building also includes a full basement, brick exterior, kitchen infrastructure, and 220 V service. The structure occupies a 20ft x 80ft lot, with a 20ft x 80ft storefront section and residential space extending 20ft x 55ft.
Located at 1366 Flatbush Avenue in Brooklyn, the property is within the Flatbush development area and carries R7A and C2-4 zoning. Built in 1933, it may also be combined with 1368 Flatbush Ave, where three large garages are located at the rear of that building.
Located at 1366 Flatbush Avenue in Brooklyn, the property is within the Flatbush development area and carries R7A and C2-4 zoning. Built in 1933, it may also be combined with 1368 Flatbush Ave, where three large garages are located at the rear of that building.
Key Highlights
- Ground‑floor restaurant with two residential apartments above
- Two 3‑bedroom, 2‑bathroom apartments with recent renovations
- 20ft x 80ft lot with 20ft x 80ft storefront section
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,146
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,482,920
$2.5M
Cap Rate 7%
$1,773,514
$1.8M
Cap Rate 9%
$1,379,400
$1.4M
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$225.7K $66.00/SF
− Vacancy
−$27.1K −$7.92/SF
EGI
$198.6K $58.08/SF
− OpEx
−$74.5K −$21.78/SF
NOI
$124.1K $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%
$2,482,920
Cap Rate 7%
$1,773,514
Cap Rate 9%
$1,379,400
Alternative Uses
Best Use
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,223 @ 7.0% cap · market cap 14.68%
Second Best
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,146 @ 7.0% cap · market cap 9.20%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
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
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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 - Restaurant space anchors two renovated residential apartments in a brick building with R7A and C2-4 zoning.
Where is this mixed-use property located?
The property is located at 1366 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Ground‑floor restaurant with two residential apartments above; Two 3‑bedroom, 2‑bathroom apartments with recent renovations; 20ft x 80ft lot with 20ft x 80ft storefront section
