Mixed-Use Property in Prospect
For Sale
$1,999,950
Pending
600 Flatbush Ave, Brooklyn, NY 11225
Mixed-use property with restaurant and renovated apartments near Prospect Park.
Property Size3,864 SF
Days on Market193
Property Features for 600 Flatbush Ave
General Information
Standard status
Pending
Size
3,864 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,542
Building Details
Building Size
3,864 SF
Year Built
1928
Units
3
Listing Agency:
Crossland Real Estate LLC
Listed By:
Paul A. Miller
(917) 865-4516
Source:
Elliman
Added: Apr 24
Changed: Oct 31
Last Checked: Nov 1 at 6:33AM
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 Crossland Real Estate LLC
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Investment Insights
Based on property information with market context.
Located in the expanding Prospect-Lefferts Gardens neighborhood, this mixed-use property features a restaurant on the first floor and two apartments on the second and third floors. The apartments each contain three bedrooms and one bathroom. All apartments have been fully renovated and are in luxurious condition. The property is in close proximity to Prospect Park, the subway, Brooklyn Botanical Gardens, and the Brooklyn Museum. The location is considered very bikeable with a bike score of 81, a walker's paradise with a walk score of 93, and a rider's paradise with a transit score of 95.
Key Highlights
- Prime location in Prospect‑Lefferts Gardens, near Prospect Park, Brooklyn Botanical Gardens, and Brooklyn Museum.
- Excellent transportation access: Rider's Paradise (Transit Score 95).
- Mixed‑use property with a restaurant on the first floor and two renovated apartments above.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,263
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,805,260
$2.8M
Cap Rate 7%
$2,003,757
$2.0M
Cap Rate 9%
$1,558,478
$1.6M
Market Conditions
NOI Build-Up for 3,864 SF
Gross rent
$255.0K $66.00/SF
− Vacancy
−$30.6K −$7.92/SF
EGI
$224.4K $58.08/SF
− OpEx
−$84.2K −$21.78/SF
NOI
$140.3K $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%
$2,805,260
Cap Rate 7%
$2,003,757
Cap Rate 9%
$1,558,478
Alternative Uses
Best Use
Mixed Use
$2.00M
$1.75M – $2.34M
NOI $140,263 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.20M
$2.80M – $3.73M
NOI $223,957 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,942
Businesses Nearby
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Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with restaurant and renovated apartments near Prospect Park.
Where is this mixed-use property located?
The property is located at 600 Flatbush Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,950.
What are key features of this property?
This property features: Prime location in Prospect‑Lefferts Gardens, near Prospect Park, Brooklyn Botanical Gardens, and Brooklyn Museum.; Excellent transportation access: Rider's Paradise (Transit Score 95).; Mixed‑use property with a restaurant on the first floor and two renovated apartments above.
