Three-Story Mixed-Use
For Sale
$1,450,000
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$423.98
Days on Market47
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: Aug 31
Last Checked: Sep 4 at 11:26AM
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 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 = 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
$124,146
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
8.56%
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%
$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
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
$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 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%
$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 13.67%
Second Best
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,146 @ 7.0% cap · market cap 8.56%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 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 $1,450,000.
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
