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    Property profile & analytics

    1746 Flatbush Ave Brooklyn, NY 11210-4127

    • Investment properties
    • 2,376 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5196185
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MSR Discount & Grocery / Grocery & Convenience Store / Food Market

    Property Details for 1746 Flatbush Ave

    Year built
    1920
    Lot size
    0.04 lot acres
    Property size
    2,376 SF
    Zone code
    R5
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    07598-0038
    APU
    75980038

    Description

    This exceptional mixed-use property, located at 1746 Flatbush Avenue in Brooklyn, New York, presents a lucrative investment opportunity. The building encompasses a total of 2,376 square feet and sits on a 0.04-acre lot. Its classic brick construction adds to its enduring appeal. The property's configuration includes one retail store space, perfectly suited for a variety of commercial ventures, and two residential apartments, providing a steady stream of rental income. The strategic location on Flatbush Avenue offers excellent visibility and accessibility, placing the property within easy reach of a diverse customer base and a thriving community. This presents a unique chance to acquire a well-established mixed-use building in a high-demand area of Brooklyn. The property's blend of commercial and residential spaces ensures a diversified income stream, making it an attractive investment for both seasoned and aspiring real estate investors. The building's solid construction and established tenancy further enhance its value and potential for long-term growth. This is a rare opportunity to own a piece of Brooklyn's vibrant commercial landscape, offering immediate income generation and significant future appreciation potential. The asking price of $1,140,000 reflects the property's exceptional value and prime location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $617,000
      Market price range: $617k - $1.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $835,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9425
    Latitude
    40.6276
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,027
    $12,540
    $37,140
    $49,680
    -
    $209,000
    $619,000
    $828,000

    Comparable in this City

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      2,560 SF

      1263 37th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,560 SF
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    • Value Estimation
      $760,000
      2,192 SF

      3004 Ave J J

      OFFICE/RESIDENTIAL (MIXED USE) • 2,192 SF
      3004 Ave J J, Brooklyn, NY 11210-3838
      View Details
    • Value Estimation
      $1,100,000
      3,300 SF

      1711 Flatbush Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      1711 Flatbush Ave, Brooklyn, NY 11210-4175
      View Details
    • Value Estimation
      $655,000
      2,435 SF

      2401 Glenwood Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,435 SF
      2401 Glenwood Rd, Brooklyn, NY 11210-1147
      View Details
    • Value Estimation
      $855,000
      3,300 SF

      2123 Nostrand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      2123 Nostrand Ave, Brooklyn, NY 11210-3001
      View Details
    • Value Estimation
      $700,000
      3,000 SF

      3317 Ave I I

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      3317 Ave I I, Brooklyn, NY 11210-3944
      View Details

    Similar Nearby for Sale

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      Brooklyn Mixed-Use Investment Opportunity

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    Similar Nearby for Lease

    • $120 SF/Yr
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      Flatbush Junction Medical Office Space

      Prime Brooklyn location, flexible suites available.
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      Brooklyn Office Space For Lease

      First-floor office space with open layout and private bathroom.
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    • Contact for pricing
      5,047 SF

      Retail Space in Nostrand Junction

      Retail space available in a national retail center.
      2146 Nostrand Ave, Brooklyn, NY 11210
      View Details
    • Contact for pricing
      12,355 SF

      Brooklyn Junction Retail Space Available

      Retail space in major Brooklyn retail corridor with high ceilings.
      1634 Flatbush Ave, Brooklyn, NY 11210
      View Details
    • Contact for pricing
      2,800 SF

      Prime Retail Space Near College

      Retail space with high visibility near Brooklyn College.
      1555-1565 Flatbush Ave, Brooklyn, NY 11210
      View Details
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    Brooklyn, NY 11210-4127
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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