747 Flushing Avenue, Brooklyn, NY 11206
Commercial Building - Brooklyn, NY
- Added:
- Nov 21, 2025
- Days on Market:
- 202
- Last Refresh:
- Jun 11 at 2:06 am
Property Features for 747 Flushing Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen
- Parking features
- Garage
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 3,840 SF
Taxes and HOA fees
- Tax Annual Amount
- 4577
Building Details
- Floors in Building
- 3
- Architectural style
- Other
Listing agent Hans Campana (917) 816-3200
Listing office ONE STOP MULTISERVICE INC 41-39 54 ST SUITE 4, WOODSIDE, NY (718) 554-0257
Listing date Nov 21, 2025
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.
HighLights
- 3,843 SF building with one ground‑floor commercial space and two large 3‑bedroom apartments above
- Basement includes storage plus a separate boiler room
- Tenants have separate meters and pay their own utilities, including water
- Market rents: two 3BR apartments at $5,100 each and retail/restaurant at $5,000
- Low taxes of $4,577
- Approx. 1,838 SF of unused FAR may allow additional buildable space (verify with architect)
Overview
The property is located directly across from Woodhull Hospital and is about half a block to the J & M trains at the Flushing Avenue station, with B43/B57 bus service nearby. HPD has approved a large-scale development plan for the Broadway Triangle area that includes new commercial spaces and approximately 400 affordable housing units. Basement and income details are supported by the current configuration described in the listing.
For buyers or operators seeking a multi-income setup, the building offers an in-place combination of retail/restaurant space and residential units. The listing also notes approximately 1,838 square feet of unused FAR that should be verified with an architect, providing an additional area for planning future development options. Reported annual low taxes are $4,577, and market rents cited include $5,100 for each three-bedroom apartment and $5,000 for the retail/restaurant space.
Local 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 | $298.6k | $77.76 |
| − Vacancy | −$35.5k | −$9.25 |
| EGI | $263.1k | $68.51 |
| − OpEx | −$78.9k | −$20.55 |
| NOI | $184.1k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.942901
- Latitude
- 40.700813
