Mixed-Use Building with
For Sale
$1,799,999
777 Flatbush Avenue, Brooklyn, NY 11226
The property combines a retail space with two three-bedroom apartments in a masonry building.
Property Size3,180 SF
Price / SF$566.04
Days on Market40
Property Features for 777 Flatbush Avenue
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Multi-Unit (5+)
Units
Unit Mix
2 x 3 bedroom
Multifamily Units
2
Additional Details
Mixed-Use Components
residential, retail
Building Details
Year Built
1910
Buildings
1
Construction
masonry
Tenancy
Multi
Listing Agency:
CARRIAGE HOUSE MANAGEMENT AND REALTY CORP
(347) 273-1349
Listed By:
Anthony Piazza
(718) 571-9550
Source:
Gosenproperties
Added: Sep 22
Changed: Oct 28
Last Checked: Oct 28 at 4:06PM
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 CARRIAGE HOUSE MANAGEMENT AND REALTY CORP
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 777 Flatbush Avenue, this 3,180-square-foot masonry building includes a storefront and two apartments, each with three bedrooms. Constructed in 1910, the property brings retail and residential space together in one mixed-use asset.
The property is in Brooklyn, New York. The source information also identifies the possibility of constructing an additional 5,200 square feet, which could expand the building’s area.
The property is in Brooklyn, New York. The source information also identifies the possibility of constructing an additional 5,200 square feet, which could expand the building’s area.
Key Highlights
- 3,180‑square‑foot masonry building
- Storefront paired with two three‑bedroom apartments
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,549
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,980
$1.5M
Cap Rate 7%
$1,064,986
$1.1M
Cap Rate 9%
$828,322
$828.3K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$141.2K $44.40/SF
− Vacancy
−$5.6K −$1.78/SF
EGI
$135.5K $42.62/SF
− OpEx
−$61.0K −$19.18/SF
NOI
$74.5K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,490,980
Cap Rate 7%
$1,064,986
Cap Rate 9%
$828,322
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$931.9K – $1.24M
NOI $74,549 @ 7.0% cap · market cap 4.14%
Second Best
Mixed Use
$1.01M
$882.5K – $1.18M
NOI $70,596 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$1.57M
$1.38M – $1.83M
NOI $110,023 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
11,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a retail space with two three-bedroom apartments in a masonry building.
Where is this mixed-use property located?
The property is located at 777 Flatbush Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 3,180‑square‑foot masonry building; Storefront paired with two three‑bedroom apartments; Built in 1910
