1197 Flatbush Ave
1197 Flatbush Ave, Brooklyn, NY 11226
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
Building Details
- 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
- Additional Rent Price on request
- Year Built 1910
- Date Updated Aug 18, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
Verada
Location
- City Brooklyn, NY
- Neighborhood Flatbush
- Zip Code 11226
- Market Brooklyn
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Walk score 93/100 Walker's Paradise -
Transit score 100/100 Rider's Paradise -
Bike score 81/100 Very Bikeable
Points of Interest
Mex Cabs
0.38 miles
Cortelyou Road
0.43 miles
Juniors Car Service
0.44 miles
Beverley Road
0.50 miles
Flatbush Avenue–Brooklyn College
0.71 miles
Avenue H
0.87 miles
Avenue J
1.14 miles
Fort Hamilton Parkway
1.25 miles
Church Ave Express Car Service
1.26 miles
Church Ave
1.26 miles
Allegiance
0.13 miles
Speedway
0.60 miles
Shell
0.64 miles
BP
0.72 miles
Citgo
0.74 miles
Mobil
0.99 miles
Sunoco
1.09 miles
EVgo
1.56 miles
Tesla Supercharger
2.03 miles
plugNYC
2.38 miles
Pathmark
1.04 miles
Eastern Fruits and Vegetables
1.06 miles
US Postal Service
1.17 miles
Kings County Parking Garage
1.33 miles
CVS
1.78 miles
The Brooklyn Museum and Botanic Garden
2.09 miles
Car Park Systems
2.11 miles
Ultra Car Park Systems
2.14 miles
Rapid Park
2.34 miles
Fine Fare
2.41 miles
Giant Car Wash
0.73 miles
Hollywood Car Wash
0.88 miles
Brooklyn's Famous Car Wash
1.39 miles
M&M Car Wash & Lube
1.49 miles
Tropical Breeze Car Wash
1.60 miles
Car Lease Brooklyn LLC
1.83 miles
Utica Car Wash
1.89 miles
Penske Truck Rental
2.04 miles
Platinum Car Wash
2.10 miles
Guadalupana Car & Limo Services
2.33 miles
Tacos El Dorado
0.06 miles
F1 Lounge
0.10 miles
El Rancho Poblano
0.22 miles
Natural Outlet
0.23 miles
Los Tres Chiflados
0.34 miles
Taco Bell Cantina
0.35 miles
YoYo Fritaville
0.38 miles
Ayat
0.38 miles
Brooklyn Sidewalk Cafe
0.40 miles
Island Express
0.44 miles
C-Town
0.05 miles
Sears
0.29 miles
Key Food
0.39 miles
Flatbush Food Co-Op
0.47 miles
Natural Frontier Market
0.64 miles
Target
0.68 miles
Mundo Supermaket
0.70 miles
Ideal Food Basket
0.72 miles
Bobby's Dept. Store
0.73 miles
Amazing Savings
1.57 miles
Al-Medina Pharmacy
0.08 miles
NewYork-Presbyterian Brooklyn Methodist Hospital
0.40 miles
Established Drugs
0.41 miles
FDNY Engine 255/Ladder 157
0.42 miles
Duane Reade
0.43 miles
Walgreens
0.56 miles
FDNY Engine 281/Ladder 147
0.57 miles
New York Engine Company 248
0.60 miles
Sun River Health
0.63 miles
Ditmas Park Wellness
0.63 miles
Listing Summary
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What is the asking price at 1197 Flatbush Ave?
1197 Flatbush Ave is currently listed for sale at Price on request.
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What is the total size of 1197 Flatbush Ave?
1197 Flatbush Ave has a total of 4,048 square feet.
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What is the year built for 1197 Flatbush Ave?
The year built for 1197 Flatbush Ave is 1910.
Verada
