Building Details

Building Size 5,851 SF

Year Built 1933

Buildings 1

Stories 3

Units 6

Listing Agency: Douglas Elliman Real Estate s***@elliman.com Show Phone

Listed By: Lina Saint-Cyr · License #10401391072 Show Phone

Source: Croninreale

Added: Aug 5 Changed: Oct 23 Last Checked: Oct 23 at 3:25PM

Report an Issue

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 Douglas Elliman Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 5,851-square-foot mixed-use property on Flatbush Avenue combines residential income with two commercial spaces available for occupancy. The commercial areas may suit institutional, medical, educational, or professional users. The building dates to 1933 and is zoned R7A.

Located at 1428 Flatbush Avenue in Brooklyn, the property brings residential and commercial components together in one building.

Key Highlights

• Two commercial spaces available for institutional, medical, educational, or professional users
• 5,851 square feet of mixed‑use property
• R7A zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$212,391

Cap Rate

7.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,247,820 $4.2M

Cap Rate 7%

$3,034,157 $3.0M

Cap Rate 9%

$2,359,900 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,851 SF

Gross rent

$386.2K $66.00/SF

− Vacancy

−$46.3K −$7.92/SF

EGI

$339.8K $58.08/SF

− OpEx

−$127.4K −$21.78/SF

NOI

$212.4K $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%

$4,247,820

Cap Rate 7%

$3,034,157

Cap Rate 9%

$2,359,900

Alternative Uses

Best Use

Retail

$4.01M

$3.51M – $4.68M (±1% cap)

NOI $280,582 @ 7.0% cap · market cap 10.02%

Second Best

Mixed Use

$3.03M

$2.65M – $3.54M (±1% cap)

NOI $212,391 @ 7.0% cap · market cap 7.59%

Theoretical Best

Specialty Retail

$4.84M

$4.24M – $5.65M (±1% cap)

NOI $339,124 @ 7.0% cap · market cap 12.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Nursing Home Auto Parts Store Pet Grooming Service Tanning Salon Adult Day Care Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11,936

Businesses Nearby

138k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 40% Apparel 27% Shops & Services 17% Electronics 6%

New York Marriott at the Brooklyn Bridge Hotels & Casinos

48,622 visits/mo 0.5 miles

Goodwill Apparel

18,116 visits/mo 0.3 miles

Mobil Shops & Services

10,567 visits/mo 0.3 miles

The UPS Store Shops & Services

9,497 visits/mo 0.4 miles

Bravo Supermarkets Groceries

7,424 visits/mo 0.4 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Corner Mixed-Use Building

97 Quentin Road, Brooklyn, NY 11223

$2,600,000

5,600 SF

View details

Mixed-Use Building with Commercial Space

105 Brighton 11th St, Brooklyn, NY 11235

$2,699,000

6,400 SF

View details

3-Storefront Retail Property

268 Bay Ridge Avenue, Brooklyn, NY 11220

$3,100,000

6,362 SF

View details

New Construction Four-Unit Storefront

1374 65th Street, Brooklyn, NY 11219

$3,999,000

5,781 SF

View details

Mixed-Use Property with Rooftop

146 Diamond Street, Brooklyn, NY 11222

$1,950,000

5,768 SF

View details

Ground-Floor Retail Condominium

196 Stanhope Street RETAIL, Brooklyn, NY 11237

$2,250,000

5,452 SF

View details

Mixed-Use Property with Retail Buildout

1380 Coney Island Avenue, Brooklyn, NY 11230

$4,799,000

6,000 SF

View details

Six-Family Apartment Building

819 49th Street, Brooklyn, NY 11220

$2,100,000

5,280 SF

View details

Two-Building Apartment Portfolio

528 50th Street, Brooklyn, NY 11220

$2,495,000

7,140 SF

View details

Two-Building Apartment Portfolio

530 50th Street, Brooklyn, NY 11220

$2,495,000

7,140 SF

View details

Six-Unit Brick Apartment Building

2047 78th Street, Brooklyn, NY 11214

$1,419,000

5,600 SF

View details

Brick Four-Family Property

288 Sumpter Street, Brooklyn, NY 11233

$2,500,000

7,468 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two commercial spaces are available alongside residential income in this Brooklyn property.

Where is this mixed-use property located?

The property is located at 1428 Flatbush Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Two commercial spaces available for institutional, medical, educational, or professional users; 5,851 square feet of mixed‑use property; R7A zoning