Mixed-Use Property in
950 FLATBUSH AVE Brooklyn, NY 11226
950 FLATBUSH AVE, Brooklyn, NY, 11226
Contact for pricing
For Sale
Contact for pricing
Mixed-use property featuring residential and commercial components in Brooklyn.
Property Size4,756 SF
Lot Size0.05 Acres
Price / SF$567.49
Days on Market64
Property Features for 950 FLATBUSH AVE
General Information
- Standard status
- Active
- Size
- 4,756 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing Agency
5 Boro Realty Corp
Listed by
Nina Sabag
Source
Crexi
Added: May 15 Checked: Jul 15 at 8:55 pm
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 5 Boro Realty Corp
Investment Insights
Based on property information with market context.
This mixed-use property features both residential and commercial components. The building has a size of 20' x 55' on a lot measuring 20' x 113.67'. The property is zoned R7A / C4-4A, which is equivalent to R7A. The building includes a full walk-out basement and spans three stories. The residential configuration includes one studio garden apartment, two one-bedroom apartments, and two two-bedroom apartments. The property is located in Brooklyn.
Key Highlights
- Mixed‑use property offering residential and commercial opportunities.
- Prime zoning (R7A / C4‑4A) suitable for a variety of uses.
- Benefit from a full walk‑out basement.
Local Financial Insights For Apartment 5plus
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 | $211.2k | $44.40 |
| − Vacancy | −$8.4k | −$1.78 |
| EGI | $202.7k | $42.62 |
| − OpEx | −$91.2k | −$19.18 |
| NOI | $111.5k | $23.44 |
4,756 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.86M
NOI $111,496 @ 7.0% cap · market cap 4.13%
Second Best
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,583 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,550 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property featuring residential and commercial components in Brooklyn.
Where is this mixed-use property located?
The property is located at 950 FLATBUSH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Mixed‑use property offering residential and commercial opportunities.; Prime zoning (R7A / C4‑4A) suitable for a variety of uses.; Benefit from a full walk‑out basement.
