Mixed-Use Building with
New
For Sale
$1,799,999
777 Flatbush Avenue, Brooklyn, NY 11226
Business Opportunity, Brooklyn, NY
Property Size3,180 SF
Price / SF$566.04
Days on Market1
Property Features for 777 Flatbush Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 2
Security features
Security System
Subdivision
Flatbush
Standard status
Active
Size
3,180 SF
Taxes and HOA fees
Tax Annual Amount
25501
Utilities
Heating system
Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Flooring type
Hardwood
Building materials
Masonite, Brick
Roof type
Rubber
Architectural style
Other
Listing Agency:
CARRIAGE HOUSE MANAGEMENT AND REALTY CORP
(347) 273-1349
Listed By:
Anthony Piazza
(718) 494-2005
Added: Sep 22
Last Checked: Sep 22 at 7:06PM
MLS# 11996020
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.
Located at 777 Flatbush Avenue in Brooklyn, this mixed-use property contains 3,180 square feet with two 3-bedroom apartments and a store. The 1910 building features brick and Masonite construction, hardwood flooring, baseboard heating, and a rubber roof.
The property is served by public water and combines residential units with a commercial storefront in a single building. Its configuration provides separate apartment and retail components within an established Brooklyn location.
The property is served by public water and combines residential units with a commercial storefront in a single building. Its configuration provides separate apartment and retail components within an established Brooklyn location.
Key Highlights
- 3,180‑square‑foot mixed‑use building
- Two 3‑bedroom apartments plus a store
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,612,180
$1.6M
Cap Rate 7%
$1,151,557
$1.2M
Cap Rate 9%
$895,656
$895.7K
Market Conditions
NOI Build-Up for 3,180 SF
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.
Gross rent
$120.2K $37.80/SF
− Vacancy
−$5.0K −$1.59/SF
EGI
$115.2K $36.21/SF
− OpEx
−$34.5K −$10.86/SF
NOI
$80.6K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,612,180
Cap Rate 7%
$1,151,557
Cap Rate 9%
$895,656
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,609 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$1.06M
$931.9K – $1.24M
NOI $74,549 @ 7.0% cap · market cap 4.14%
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,704
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes two three-bedroom apartments and a ground-floor store in a Brooklyn 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 mixed‑use building; Two 3‑bedroom apartments plus a store; Built in 1910
