Mixed-Use Property with Two Street
For Sale
Contact for pricing
1377 Flatbush Ave, Brooklyn, NY 11210
Income-producing asset positioned near public transportation and neighborhood amenities.
Property Size5,486 SF
Price / SF$720.01
Days on Market56
Property Features for 1377 Flatbush Ave
General Information
Standard status
Active
Size
5,486 SF
Property subtype
RETAIL
Listing Agency:
Commercial Acquisitions Realty Services
(347) 267-1001
Listed By:
Arik Tal
Source:
Moodyscre
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 8:46PM
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 Commercial Acquisitions Realty Services
Investment Insights
Based on property information with market context.
Located at 1377 Flatbush Ave in Brooklyn, this mixed-use property offers two street exposures and a maximum buildable area of 21,944 SF. The existing asset is income producing and suited to mixed-use development or continued commercial operation.
The property is positioned along a residential and commercial corridor near public transportation. Its setting at 1377 Flatbush Ave, Brooklyn, NY 11210, places it among a range of surrounding amenities and supports convenient access for occupants and visitors.
The property is positioned along a residential and commercial corridor near public transportation. Its setting at 1377 Flatbush Ave, Brooklyn, NY 11210, places it among a range of surrounding amenities and supports convenient access for occupants and visitors.
Key Highlights
- Maximum buildable area of 21,944 SF
- Two street exposures
- Currently income producing
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
$263,079
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
6.66%
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%
$5,261,580
$5.3M
Cap Rate 7%
$3,758,271
$3.8M
Cap Rate 9%
$2,923,100
$2.9M
Market Conditions
NOI Build-Up for 5,486 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
$426.6K $77.76/SF
− Vacancy
−$50.8K −$9.25/SF
EGI
$375.8K $68.51/SF
− OpEx
−$112.7K −$20.55/SF
NOI
$263.1K $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 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%
$5,261,580
Cap Rate 7%
$3,758,271
Cap Rate 9%
$2,923,100
Alternative Uses
Best Use
Retail
$3.76M
$3.29M – $4.38M
NOI $263,079 @ 7.0% cap · market cap 6.66%
Second Best
Mixed Use
$2.84M
$2.49M – $3.32M
NOI $199,142 @ 7.0% cap · market cap 5.04%
Theoretical Best
Specialty Retail
$4.54M
$3.97M – $5.30M
NOI $317,969 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,945
Businesses Nearby
282k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 24%
Groceries 11%
Electronics 5%
Dallas BBQ
Dining
46,854 visits/mo
0.4 miles
McDonald's
Dining
40,645 visits/mo
0.4 miles
Chase Bank
Shops & Services
25,765 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
19,495 visits/mo
0.4 miles
Fine Fare
Groceries
18,771 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing asset positioned near public transportation and neighborhood amenities.
Where is this mixed-use property located?
The property is located at 1377 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Maximum buildable area of 21,944 SF; Two street exposures; Currently income producing
