Renovated Two-Bedroom
New
For Sale
Contact for pricing
2-1142 Flatbush Avenue, Brooklyn, NY 11226
The third-floor residence includes an in-unit washer and dryer, split-unit heating and air-conditioning, and an updated kitchen.
Property Size700 SF
Price / SF$4.29
Days on Market5
Property Features for 2-1142 Flatbush Avenue
General Information
Standard status
Active
Size
700 SF
Property subtype
Residential Income
Listing Agency:
Gosen Properties
Listed By:
Emmanuel Victor
(718) 704-0494
Source:
Exprealty
Added: Oct 26
Changed: Oct 29
Last Checked: Oct 28 at 8:44AM
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 Gosen Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated, 700-square-foot apartment is on the third floor of a Flatbush Avenue building in Brooklyn. The two-bedroom layout includes an updated kitchen with stainless steel appliances and a dishwasher, ceramic tile flooring, and a refreshed bathroom. An in-unit washer and dryer and individual split-unit heating and air-conditioning are also included.
The apartment is near the Cortelyou Road station, served by the Q train, and Church Avenue stations with B, Q, 2, and 5 train service. Nearby bus routes include the B41, B49, and B35. Kings Theatre, gyms, restaurants, supermarkets, coffee shops, and neighborhood retailers are also in the surrounding area.
The apartment is near the Cortelyou Road station, served by the Q train, and Church Avenue stations with B, Q, 2, and 5 train service. Nearby bus routes include the B41, B49, and B35. Kings Theatre, gyms, restaurants, supermarkets, coffee shops, and neighborhood retailers are also in the surrounding area.
Key Highlights
- 700‑square‑foot, two‑bedroom apartment on the third floor
- Renovated interior with ceramic tile flooring and an updated bathroom
- Kitchen includes stainless steel appliances and a dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,200
$328.2K
Cap Rate 7%
$234,429
$234.4K
Cap Rate 9%
$182,333
$182.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$31.1K $44.40/SF
− Vacancy
−$1.2K −$1.78/SF
EGI
$29.8K $42.62/SF
− OpEx
−$13.4K −$19.18/SF
NOI
$16.4K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,200
Cap Rate 7%
$234,429
Cap Rate 9%
$182,333
Alternative Uses
Best Use
Apartment 5plus
$234.4K
$205.1K – $273.5K
NOI $16,410 @ 7.0% cap · market cap 547.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.0K
$302.7K – $403.7K
NOI $24,219 @ 7.0% cap · market cap 807.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
14,473
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The third-floor residence includes an in-unit washer and dryer, split-unit heating and air-conditioning, and an updated kitchen.
Where is this residential income property located?
The property is located at 2-1142 Flatbush Avenue Brooklyn, NY.
What are key features of this property?
This property features: 700‑square‑foot, two‑bedroom apartment on the third floor; Renovated interior with ceramic tile flooring and an updated bathroom; Kitchen includes stainless steel appliances and a dishwasher
