Mixed-Use Building with Ground-Floor
For Sale
$1,400,000
1692 Flatbush Ave, Brooklyn, NY 11210
Commercial Sale, Brooklyn, NY
Property Size2,760 SF
Lot Size0.02 Acres
Price / SF$507.25
Days on Market135
Property Features for 1692 Flatbush Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Subdivision
Midwood
Standard status
Active
Size
2,760 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
7554
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1920
Floors in Building
3
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Jun 8
Changed: Oct 20
Last Checked: Oct 20 at 2:06PM
MLS# 11803053
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This three-unit mixed-use building contains a ground-floor commercial space and two apartments above. The retail unit is vacant, offering flexibility for a future tenant or owner-user. The building totals 2,760 square feet on a 0.02-acre lot and was built in 1920. Heating is provided by baseboard and natural gas, with public water service.
The property fronts Flatbush Avenue in Brooklyn. Its ground-floor space has 19'10" of frontage, and multiple bus lines serve the corridor.
The property fronts Flatbush Avenue in Brooklyn. Its ground-floor space has 19'10" of frontage, and multiple bus lines serve the corridor.
Key Highlights
- Three‑unit building with a vacant ground‑floor retail unit and two apartments above
- 2,760‑square‑foot building on a 0.02‑acre lot
- 19'10" of frontage on Flatbush Avenue
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
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 - Two upper-level apartments provide residential income above a vacant commercial unit.
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 a vacant ground‑floor retail unit and two apartments above; 2,760‑square‑foot building on a 0.02‑acre lot; 19'10" of frontage on Flatbush Avenue
