Three-Unit Mixed-Use
For Sale
$1,295,000
1690 Flatbush Avenue 6, Brooklyn, NY 11210
A ground-floor storefront is paired with two residential apartments.
Property Size2,760 SF
Price / SF$469.20
Days on Market79
Property Features for 1690 Flatbush Avenue 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
Tenancy
Multi
Listing Agency:
Keller Williams NYC
Listed By:
Jonathan Frank Normolle
(646) 789-6078
Source:
Howardhannanyc
Added: Aug 14
Changed: Oct 28
Last Checked: Oct 30 at 10:18PM
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.
This 2,760-square-foot mixed-use property, built in 1920, contains three units: a ground-floor commercial storefront and two residential apartments. The retail space is occupied, and the building has received recent work to its roof, boiler room, gas heater, water heater, and chimney liner.
The property fronts Flatbush Avenue between Avenue I and East 34th Street. Brooklyn College, the Junction shopping district, and area bus lines are nearby.
The property fronts Flatbush Avenue between Avenue I and East 34th Street. Brooklyn College, the Junction shopping district, and area bus lines are nearby.
Key Highlights
- Three units: one ground‑floor commercial storefront and two residential apartments
- 2,760 square feet; built in 1920
- Recent improvements include the roof, boiler room, gas heater, water heater, and chimney liner
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor storefront is paired with two residential apartments.
Where is this mixed-use property located?
The property is located at 1690 Flatbush Avenue 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 units: one ground‑floor commercial storefront and two residential apartments; 2,760 square feet; built in 1920; Recent improvements include the roof, boiler room, gas heater, water heater, and chimney liner
