Mixed-Use Building with
1705 Foster Avenue Brooklyn, NY 11230
For Sale
$2,100,000
Mixed-use building offering an established store/business with 3 over 3 bedrooms residential space.
Property Size3,600 SF
Price / SF$583.33
Days on Market231
Property Features for 1705 Foster Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Mixed Use
Building Details
Year Built
1933
Listing Agency:
Century 21 Mizrahi Realty
(718) 998-5700
Listed By:
Elana Ben-Yosef · License #eby6626
(718) 998-5700
Source:
Compass
Added: Dec 8, 2025
Changed: Jul 22
Last Checked: Jul 23 at 8:40AM
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 Century 21 Mizrahi Realty
Investment Insights
Based on property information with market context.
This mixed-use building at 1705 Foster Avenue in Brooklyn offers an established store/business alongside residential space configured as 3 over 3 bedrooms. The property combines active commercial frontage with above residential units, creating a straightforward live/work or income-oriented layout.
The building is located in the Flatbush neighborhood. Public remarks note that the area is desirable to both renters and business owners.
Overall, the asset presents a combined retail and residential configuration, with the residential portion arranged in a 3 over 3 bedrooms format above the established store/business.
The building is located in the Flatbush neighborhood. Public remarks note that the area is desirable to both renters and business owners.
Overall, the asset presents a combined retail and residential configuration, with the residential portion arranged in a 3 over 3 bedrooms format above the established store/business.
Key Highlights
- Mixed‑use building with an established store/business plus 3 residential units
- Residential layout: 3 bedrooms over 3 bedrooms (3 over 3)
- Brick construction with a block foundation
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.9k | $77.76 |
| − Vacancy | −$33.3k | −$9.25 |
| EGI | $246.6k | $68.51 |
| − OpEx | −$74.0k | −$20.55 |
| NOI | $172.6k | $47.95 |
3,600 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,637 @ 7.0% cap · market cap 8.22%
Second Best
Mixed Use
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building offering an established store/business with 3 over 3 bedrooms residential space.
Where is this mixed-use property located?
The property is located at 1705 Foster Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Mixed‑use building with an established store/business plus 3 residential units; Residential layout: 3 bedrooms over 3 bedrooms (3 over 3); Brick construction with a block foundation
