Mixed-Use Building with Retail and
747 Flushing Avenue Brooklyn, NY 11206
For Sale
$2,499,988
COMMERCIAL - Brooklyn, NY
Property Size3,843 SF
Price / SF$650.53
Days on Market247
Property Features for 747 Flushing Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 4577
Building Details
- Floors in Building
- 3
Listing Agency:
ONE STOP MULTISERVICE INC
(718) 554-0257
Listed By:
Hans Campana
(718) 554-0257
Added: Nov 21, 2025
Changed: Jul 11
Last Checked: Jul 26 at 7:06PM
MLS# 11610205
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.
Investment Insights
Based on property information with market context.
747 Flushing Avenue is a mixed-use building featuring one ground-floor commercial space and two large 3-bedroom apartments above. The basement provides storage plus a separate boiler room. According to the listing, all tenants have separate meters and pay their own utilities, including water.
The property is located directly across from Woodhull Hospital, with the J and M trains (Flushing Ave Station) about half a block away, and B43/B57 buses nearby. The building is reported at 3,843 sq. ft., with approximately 1,838 sq. ft. of unused FAR (to be verified with an architect). HPD has also approved a large-scale development plan for the Broadway Triangle area, including new commercial spaces and approximately 400 affordable housing units.
From a rental standpoint, the listing cites market rents of $5,100 for each 3-bedroom unit and $5,000 for the retail/restaurant space.
The property is located directly across from Woodhull Hospital, with the J and M trains (Flushing Ave Station) about half a block away, and B43/B57 buses nearby. The building is reported at 3,843 sq. ft., with approximately 1,838 sq. ft. of unused FAR (to be verified with an architect). HPD has also approved a large-scale development plan for the Broadway Triangle area, including new commercial spaces and approximately 400 affordable housing units.
From a rental standpoint, the listing cites market rents of $5,100 for each 3-bedroom unit and $5,000 for the retail/restaurant space.
Key Highlights
- 3,843 sq ft building with 1 ground‑floor commercial space and two large 3‑bedroom apartments above
- Market rents listed: two 3BR units at $5,100 each and retail/restaurant at $5,000
- All tenants have separate meters and pay their own utilities including water
Financial Insights For Specialty 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 | $322.8k | $84.00 |
| − Vacancy | −$25.8k | −$6.72 |
| EGI | $297.0k | $77.28 |
| − OpEx | −$74.2k | −$19.32 |
| NOI | $222.7k | $57.96 |
3,843 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.18M
$2.78M – $3.71M
NOI $222,740 @ 7.0% cap · market cap 8.91%
Second Best
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,588 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AlvarLozan’s Ecuadorian and Latin ...
Restaurant
Eat An Go Pizza ...
Restaurant
Henry’s Pizza
Restaurant
Frank's Coffee Shop
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Ground-floor retail/restaurant space with two upstairs 3-bedroom apartments, each with separate meters and utilities.
Where is this conventional restaurant located?
The property is located at 747 Flushing Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,988.
What are key features of this property?
This property features: 3,843 sq ft building with 1 ground‑floor commercial space and two large 3‑bedroom apartments above; Market rents listed: two 3BR units at $5,100 each and retail/restaurant at $5,000; All tenants have separate meters and pay their own utilities including water
