Mixed-Use Building with Retail
1452 FLATBUSH AVE, Brooklyn, NY 11210
For Sale
Contact for pricing
Two apartments are positioned above a street-level commercial suite with cellar storage and access to rear outdoor space.
Property Size3,500 SF
Lot Size0.05 Acres
Price / SF$421.43
Days on Market42
Property Features for 1452 FLATBUSH AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Road Access
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Building Details
Buildings
Tenancy
Listing Agency:
The Corcoran Group Brooklyn
Listed By:
Mike Laurent · License NY #10401365017
(516) 849-3129
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 10 at 6:07AM
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 The Corcoran Group Brooklyn
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Investment Insights
Based on property information with market context.
This mixed-use building contains approximately 3,500 gross square feet above grade on a 20' × 100' lot. Two 3-bedroom, 1-bathroom apartments occupy the upper floors, with an approximately 1,300-square-foot retail space at street level. The commercial suite includes a full cellar, two half-bathrooms, and access to a rear outdoor area. Zoning is R7A with a C2-4 commercial overlay; the property has a 4.0 FAR compared with a current FAR of 1.75, with approximately 4,500 square feet of unused buildable area and an 8,000-square-foot total buildable envelope.
The property is on Flatbush Avenue at the Flatbush-Nostrand Junction, near Brooklyn College. A station entrance serving the 2 and 5 subway lines is roughly 0.2 miles away. The B41 and B103 buses operate along Flatbush Avenue.
The property is on Flatbush Avenue at the Flatbush-Nostrand Junction, near Brooklyn College. A station entrance serving the 2 and 5 subway lines is roughly 0.2 miles away. The B41 and B103 buses operate along Flatbush Avenue.
Key Highlights
- Two 3‑bedroom, 1‑bathroom apartments above street‑level retail
- Approximately 1,300‑square‑foot commercial space with a full cellar, two half‑bathrooms, and rear outdoor access
- Approximately 3,500 gross square feet above grade on a 20' × 100' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,050
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,541,000
$2.5M
Cap Rate 7%
$1,815,000
$1.8M
Cap Rate 9%
$1,411,667
$1.4M
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$231.0K $66.00/SF
− Vacancy
−$27.7K −$7.92/SF
EGI
$203.3K $58.08/SF
− OpEx
−$76.2K −$21.78/SF
NOI
$127.1K $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%
$2,541,000
Cap Rate 7%
$1,815,000
Cap Rate 9%
$1,411,667
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $167,841 @ 7.0% cap · market cap 11.38%
Second Best
Mixed Use
$1.81M
$1.59M – $2.12M
NOI $127,050 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,819
Businesses Nearby
331k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 26%
Groceries 13%
Electronics 4%
Dallas BBQ
Dining
46,854 visits/mo
0.2 miles
McDonald's
Dining
40,645 visits/mo
0.2 miles
Chase Bank
Shops & Services
25,765 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
19,495 visits/mo
0.3 miles
Fine Fare
Groceries
18,771 visits/mo
0.1 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
$817,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments are positioned above a street-level commercial suite with cellar storage and access to rear outdoor space.
Where is this mixed-use property located?
The property is located at 1452 FLATBUSH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom apartments above street‑level retail; Approximately 1,300‑square‑foot commercial space with a full cellar, two half‑bathrooms, and rear outdoor access; Approximately 3,500 gross square feet above grade on a 20' × 100' lot
