- For Sale $1,350,000
- Property Type Mixed Use
- Property Size 4,048 SF
- Units 2
- Lot Size 0.04 Acre
- Cap Rate % 7.05
- Rental Income / YR $118,200.00
- NOI / YR $95,156.00
- Year Built 1910
- Date Updated Aug 18, 2026
Description
Verada, as exclusive agent, is pleased to offer for sale 1197 Flatbush Avenue, a mixed-use building in Flatbush, Brooklyn.
The property features two free-market apartments above a vacant, turnkey restaurant space. The apartments generate $46,200 annually in current residential income.
The restaurant space is vacant and turnkey, well suited for an owner-operator.
Projected/stabilized NOI is $95,156, and the $1,350,000 ask equals a 7.05% pro forma cap rate and $333.50/SF, below the mixed-use comp average.
Ownership is keeping the restaurant space vacant at sale, positioning the building for an owner-operator buyer to occupy and run their own concept
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Contacts
Brendan Thrapp
Verada
David Dubinksy
Location
Located at 1197 Flatbush Ave, Brooklyn, NY 11226, this property is part of the Flatbush neighborhood and Brooklyn market.
Contact Listing Broker
Brendan Thrapp
Verada
