Mixed-Use Building with Vacant
For Sale
$1,400,000
1692 Flatbush Ave, Brooklyn, NY 11210
Two apartments provide residential income above a ground-floor commercial space available for occupancy.
Property Size2,760 SF
Price / SF$507.25
Days on Market12
Property Features for 1692 Flatbush Ave
General Information
Standard status
Active
Size
2,760 SF
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,554
Amenities
Finished
3
Yes
Public
No
2760
Building Details
Building Size
2,760 SF
Year Built
1920
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
5 Boro Realty Corp
(516) 703-2918
Listed By:
Noman Basit
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 3:30AM
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 5 Boro Realty Corp
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Investment Insights
Based on property information with market context.
This three-unit mixed-use building, completed in 1920, includes a ground-floor commercial space and two apartments above. The commercial space is vacant, and its Flatbush Avenue frontage measures 19 feet, 10 inches. The apartments provide existing residential income.
The property is located at 1692 Flatbush Ave in Brooklyn, with multiple bus lines at the door. The ground-floor space can be leased or occupied by its owner.
The property is located at 1692 Flatbush Ave in Brooklyn, with multiple bus lines at the door. The ground-floor space can be leased or occupied by its owner.
Key Highlights
- Three‑unit building with ground‑floor retail and two apartments
- Vacant commercial space has 19'10" of frontage on Flatbush Avenue
- Two apartments provide existing residential income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,188
Cap Rate
7.16%
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 9.45%
Second Best
Mixed Use
$1.43M
$1.25M – $1.67M
NOI $100,188 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,464
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments provide residential income above a ground-floor commercial space available for occupancy.
Where is this mixed-use property located?
The property is located at 1692 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Three‑unit building with ground‑floor retail and two apartments; Vacant commercial space has 19'10" of frontage on Flatbush Avenue; Two apartments provide existing residential income
