Mixed-Use Building with Ground
747 Flushing Avenue, Brooklyn, NY 11206
COMMERCIAL - Brooklyn, NY
Property size:
3,843 SFPrice / SF:
$650/SF- Added:
- Nov 21, 2025
- Days on Market:
- 227
- Last Refresh:
- Jul 6 at 5:06 pm
Property Features for 747 Flushing Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 4577
Building Details
- Floors in Building
- 3
Listing agent Hans Campana (718) 554-0257
Listing office ONE STOP MULTISERVICE INC 41-39 54 ST SUITE 4, WOODSIDE, NY (718) 554-0257
Listing date Nov 21, 2025
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.
HighLights
- 3,843 sq ft mixed‑use building: one ground‑floor commercial space plus two large 3‑bedroom apartments above
- Market rents include two 3BR apartments at $5,100 each and a retail/restaurant space at $5,000
- Separate tenant utility metering: tenants pay their own utilities including water; basement has storage plus a separate boiler room
- Additional buildable SF: approx. 1,838 sq ft of unused FAR (verify with architect)
- Low taxes reported at $4,577; located directly across from Woodhull Hospital and about half a block to J & M trains (Flushing Ave Station)
- HPD has approved a large‑scale development plan for the Broadway Triangle area, including new commercial spaces and approx. 400 affordable housing units
Overview
747 Flushing Avenue is a mixed-use building featuring one ground-floor commercial space with two large three-bedroom apartments above. The basement includes storage and a separate boiler room, supporting independent building systems. Per the property description, all tenants have separate meters and pay their own utilities, including water.
The property is located directly across from Woodhull Hospital and approximately half a block to the J and M trains at the Flushing Avenue station, with nearby B43 and B57 bus service. The building size is described as 3,843 square feet, and the seller notes approximately 1,838 square feet of unused FAR, pending verification with an architect.
For buyers seeking an ownership structure that combines commercial and residential leasing, this layout provides a straightforward way to diversify in one asset. The listing also states low annual taxes of $4,577 and tenant-level utility responsibility through separate meters. The offering notes that HPD has approved a large-scale development plan for the Broadway Triangle area that includes new commercial spaces and approximately 400 affordable housing units; any potential impact should be confirmed through buyer due diligence.
The property is located directly across from Woodhull Hospital and approximately half a block to the J and M trains at the Flushing Avenue station, with nearby B43 and B57 bus service. The building size is described as 3,843 square feet, and the seller notes approximately 1,838 square feet of unused FAR, pending verification with an architect.
For buyers seeking an ownership structure that combines commercial and residential leasing, this layout provides a straightforward way to diversify in one asset. The listing also states low annual taxes of $4,577 and tenant-level utility responsibility through separate meters. The offering notes that HPD has approved a large-scale development plan for the Broadway Triangle area that includes new commercial spaces and approximately 400 affordable housing units; any potential impact should be confirmed through buyer due diligence.
Local 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
Retail
$2.63M
$2.30M – $3.07M
NOI $184,289 @ 7.0% cap · market cap 7.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.942901
- Latitude
- 40.700813
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Ground-floor retail paired with two metered three-bedroom apartments, offering flexible income in a transit-accessible Brooklyn setting.
Where is this duplex 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 mixed‑use building: one ground‑floor commercial space plus two large 3‑bedroom apartments above; Market rents include two 3BR apartments at $5,100 each and a retail/restaurant space at $5,000; Separate tenant utility metering: tenants pay their own utilities including water; basement has storage plus a separate boiler room
