Corner Mixed-Use
New
For Sale
$875,000
8802 Flatlands Avenue, Brooklyn, NY 11236
Two commercial spaces are currently in use, while the certificate of occupancy also provides for residential use.
Property Size2,340 SF
Price / SF$373.93
Days on Market2
Property Features for 8802 Flatlands Avenue
General Information
Standard status
Active
Size
2,340 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
Bathrooms On Each Floor
Gas Heating
Private Driveway In The Rear
Listing Agency:
Ben Bay Realty Co
Listed By:
Nicholas Venturini · License #NV3472
(718) 680-6442
Source:
Prideestates
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:21AM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
At 8802 Flatlands Avenue in Brooklyn, this corner property is currently arranged as two commercial spaces. Its certificate of occupancy allows for a two-family residence alongside one commercial store. Bathrooms are located on each floor, and the building has gas heat.
A private driveway is positioned behind the property. Bus service is available nearby, with access to the L train, major roads, shops, restaurants, and neighborhood amenities.
A private driveway is positioned behind the property. Bus service is available nearby, with access to the L train, major roads, shops, restaurants, and neighborhood amenities.
Key Highlights
- Current layout includes two commercial spaces
- Certificate of occupancy covers a two‑family residence and one commercial store
- Bathrooms on each floor; gas heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,438
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,760
$1.4M
Cap Rate 7%
$1,020,543
$1.0M
Cap Rate 9%
$793,756
$793.8K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$132.5K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$129.9K $55.51/SF
− OpEx
−$58.4K −$24.98/SF
NOI
$71.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,760
Cap Rate 7%
$1,020,543
Cap Rate 9%
$793,756
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,214 @ 7.0% cap · market cap 12.82%
Second Best
Mixed Use
$1.21M
$1.06M – $1.42M
NOI $84,942 @ 7.0% cap · market cap 9.71%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial spaces are currently in use, while the certificate of occupancy also provides for residential use.
Where is this mixed-use property located?
The property is located at 8802 Flatlands Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Current layout includes two commercial spaces; Certificate of occupancy covers a two‑family residence and one commercial store; Bathrooms on each floor; gas heating
