Mixed-Use Building with Retail
New
For Sale
$1,295,000
1690 Flatbush Ave 6, Brooklyn, NY 11210
Three income-producing units combine ground-floor commerce with two residential apartments.
Property Size2,760 SF
Days on Market2
Property Features for 1690 Flatbush Ave 6
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
2,760 SF
Year Built
1920
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Keller Williams NYC
Listed By:
Jonathan Frank Normolle
(646) 789-6078
Source:
Elliman
Added: Oct 28
Last Checked: Oct 28 at 3:14PM
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 Keller Williams NYC
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Investment Insights
Based on property information with market context.
Built in 1920, this Brooklyn mixed-use property contains three units: a ground-floor commercial storefront and two residential apartments. The retail space is occupied, and one residential unit may be delivered vacant. Recent work includes updates to the roof, boiler room, gas heater, water heater, and chimney liner.
The property is on Flatbush Avenue near Brooklyn College and the Junction shopping district, with area bus service nearby. Walk Score is 81, Transit Score is 85, and Bike Score is 61.
The property is on Flatbush Avenue near Brooklyn College and the Junction shopping district, with area bus service nearby. Walk Score is 81, Transit Score is 85, and Bike Score is 61.
Key Highlights
- Three total units, including two residential apartments and one ground‑floor commercial storefront
- Occupied ground‑floor retail unit
- One owner‑occupied apartment can be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,188
Cap Rate
7.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,760
$2.0M
Cap Rate 7%
$1,431,257
$1.4M
Cap Rate 9%
$1,113,200
$1.1M
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$182.2K $66.00/SF
− Vacancy
−$21.9K −$7.92/SF
EGI
$160.3K $58.08/SF
− OpEx
−$60.1K −$21.78/SF
NOI
$100.2K $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%
$2,003,760
Cap Rate 7%
$1,431,257
Cap Rate 9%
$1,113,200
Alternative Uses
Best Use
Retail
$1.89M
$1.65M – $2.21M
NOI $132,355 @ 7.0% cap · market cap 10.22%
Second Best
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,188 @ 7.0% cap · market cap 7.74%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,464
Businesses Nearby
296k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 26%
Groceries 5%
Electronics 4%
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
0.3 miles
Popeyes Louisiana Kitchen
Dining
19,495 visits/mo
0.4 miles
Dunkin' Donuts
Dining
18,491 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three income-producing units combine ground-floor commerce with two residential apartments.
Where is this mixed-use property located?
The property is located at 1690 Flatbush Ave 6 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Three total units, including two residential apartments and one ground‑floor commercial storefront; Occupied ground‑floor retail unit; One owner‑occupied apartment can be delivered vacant
