Mixed-Use Building with Deli
1746 Flatbush Avenue Brooklyn, NY 11210
1746 Flatbush Avenue, Brooklyn, NY, 11210
$1,088,000
For Sale
$1,088,000
Ground-floor deli space with two two-bedroom apartments above in an R5-zoned building on Flatbush Avenue.
Property Size2,376 SF
Lot Size0.04 Acres
Price / SF$457.91
Days on Market185
Property Features for 1746 Flatbush Avenue
General Information
- Standard status
- Active
- Size
- 2,376 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Michelle J. Zhang · License #mz4172
(718) 612-3088
Source
Compass
Added: Jan 18 Updated: Jul 20 at 9:24PM Checked: Jul 21 at 8:07AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This mixed-use R5-zoned building includes one ground-floor commercial space and two two-bedroom residential units on the levels above. The first floor is an established deli store positioned for street visibility. The upper units include one front and one rear apartment, each with a two-bedroom layout.
The property is located on Flatbush Avenue, just moments from Brooklyn College, with convenient access to Prospect Park and major transportation routes. The building is approximately 18' x 66' with an 18' x 93' lot.
With retail at street level and two apartments above, the configuration supports both owner-operator use of the storefront and an income-producing residential component.
The property is located on Flatbush Avenue, just moments from Brooklyn College, with convenient access to Prospect Park and major transportation routes. The building is approximately 18' x 66' with an 18' x 93' lot.
With retail at street level and two apartments above, the configuration supports both owner-operator use of the storefront and an income-producing residential component.
Key Highlights
- Mixed‑use building on Flatbush Avenue with 1 ground‑floor commercial space and 2 residential apartments above
- R5‑zoned property with an established deli store on the first floor and residential units on the upper levels
- Two‑bedroom apartments layout: one front and one rear unit on the upper levels
Local Financial Insights For Multifamily LT 5
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 | $121.2k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $118.9k | $50.03 |
| − OpEx | −$35.7k | −$15.01 |
| NOI | $83.2k | $35.02 |
2,376 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.97M
$1.72M – $2.30M
NOI $137,713 @ 7.0% cap · market cap 12.66%
Second Best
Retail
$1.63M
$1.42M – $1.90M
NOI $113,940 @ 7.0% cap · market cap 10.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Ground-floor deli space with two two-bedroom apartments above in an R5-zoned building on Flatbush Avenue.
Where is this duplex located?
The property is located at 1746 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Mixed‑use building on Flatbush Avenue with 1 ground‑floor commercial space and 2 residential apartments above; R5‑zoned property with an established deli store on the first floor and residential units on the upper levels; Two‑bedroom apartments layout: one front and one rear unit on the upper levels
