1797 Flatbush Ave, Brooklyn, NY 11210-4351
This exceptional mixed-use building at 1797 Flatbush Avenue in Brooklyn, New York, presents a compelling investment opportunity. Priced at $1,975,000, this 4,400 square foot property boasts a 100% occupancy rate, generating immediate cash flow. The building features one retail space and two residential apartments, each offering three bedrooms and two bathrooms. A convenient garage with additional storage space adds to the property's value. The lot dimensions are 20 x 96 feet, with the building itself measuring 20 x 55 feet. The property is zoned R5/C2-2, providing flexibility for future development. Situated on the east side of Flatbush Avenue between East 37th Street and Avenue J, this location benefits from excellent transit access, with the 2 and 5 subway lines (Flatbush Ave - Brooklyn College station) and several bus routes nearby. The area is vibrant, with numerous established retailers including Starbucks, Dunkin' Donuts, Target, Auto Zone, Nike, Homegoods, and more, ensuring high foot traffic and strong tenant demand. The building has undergone a complete renovation, resulting in a move-in ready condition and consistent rental income. This turnkey investment is ideal for those seeking a stable, high-return property in a thriving Brooklyn neighborhood.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R5 · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.