Leased Mixed-Use with
775 FLATBUSH AVE Brooklyn, NY 11226
775 FLATBUSH AVE, Brooklyn, NY, 11226
$2,300,000
For Sale
$2,300,000
Fully leased mixed-use building with a Domino’s franchise ground-floor tenant and two leased residential units above.
Property Size3,180 SF
Price / SF$723.27
Days on Market139
Property Features for 775 FLATBUSH AVE
General Information
- Standard status
- Active
- Size
- 3,180 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
Howard Hanna Capital Inc.
(917) 698-3371
Listed by
Martin Marczika
(917) 698-3371
Source
Xome
Added: Mar 4 Updated: Jul 21 at 4:58AM Checked: Jul 21 at 4:58AM
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 Howard Hanna Capital Inc.
Investment Insights
Based on property information with market context.
This fully leased mixed-use property includes a Domino’s franchise on the ground floor, with two residential units on the upper floors. Both upper-floor units are currently leased, providing additional income alongside the retail tenant.
The building is located along the Flatbush Avenue corridor, where it benefits from significant pedestrian and vehicular traffic. Public transportation is also available nearby, including multiple subway lines and bus routes.
As presented, the residential tenants are paying below-market rents, supporting income diversification within a stabilized, mixed-use structure.
The building is located along the Flatbush Avenue corridor, where it benefits from significant pedestrian and vehicular traffic. Public transportation is also available nearby, including multiple subway lines and bus routes.
As presented, the residential tenants are paying below-market rents, supporting income diversification within a stabilized, mixed-use structure.
Key Highlights
- Fully leased mixed‑use building at 775 Flatbush Avenue
- Ground floor is leased to a Domino’s franchise
- Two residential units on the upper floors are currently leased
Local Financial Insights For Multifamily LT 5
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 | $120.2k | $37.80 |
| − Vacancy | −$5.0k | −$1.59 |
| EGI | $115.2k | $36.21 |
| − OpEx | −$34.5k | −$10.86 |
| NOI | $80.6k | $25.35 |
3,180 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,609 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$1.06M
$931.9K – $1.24M
NOI $74,549 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,023 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Maire C. ...
Dental Office
Domino's Pizza
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully leased mixed-use building with a Domino’s franchise ground-floor tenant and two leased residential units above.
Where is this mixed-use property located?
The property is located at 775 FLATBUSH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Fully leased mixed‑use building at 775 Flatbush Avenue; Ground floor is leased to a Domino’s franchise; Two residential units on the upper floors are currently leased
