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For Sale

1135 Flatbush Ave

Brooklyn, NY 11226

$2.99M
7 BA · 4,410 sf
The residence

1135 Flatbush Avenue, Brooklyn, NY Corner Lot | 3 Commercial Spaces | 4 Residential Apartments | 4,000 sqft Extra Buildable Prime Mixed-Use Investment Opportunity 1135 Flatbush Avenue presents a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most active commercial corridors. Situated on a 2,110 SF corner lot with excellent visibility, the property benefits from strong residential and retail demand, making it ideal for both investors and developers. The existing building contains approximately 4,410 SF of built space and generates a current Net Operating Income (NOI) of $147,052 annually, with projected NOI reaching $183,856 annually through rent optimization and market-rate leasing. Property Highlights Corner mixed-use property on Flatbush Avenue Lot Size: 2,110 SF Building Size: 4,410 SF Zoning: R7A / C2-4 Current FAR: 2.09 Maximum Buildable Area: 8,440 SF Additional Buildable Area Available: 4,030 SF Southeast corner exposure Strong retail frontage and residential rental income Annual Property Taxes: $31,892 Investment Opportunity With over 4,000 SF of unused development rights, investors have the opportunity to expand the existing structure and unlock substantial additional value. The property's location along the Flatbush Avenue corridor offers excellent transportation access, high pedestrian traffic, and long-term appreciation potential. Whether you're seeking a stable cash-flowing asset, a value-add opportunity, or a future development play, 1135 Flatbush Avenue delivers immediate income with significant upside. Property Highlights Corner mixed-use property on Flatbush Avenue Lot Size: 2,110 SF Building Size: 4,410 SF Zoning: R7A / C2-4 Maximum Buildable Area: 8,440 SF Additional Buildable Area Available: 4,030 SF Southeast corner exposure Strong retail frontage and residential rental income Annual Property Taxes: $31,892

At a glance
Property type
Status
Active
Living area
4,410 sf
MLS#
11816802
Beds · Baths
0 · 7
Location

Brooklyn, NY.

Brooklyn, New York, is a market our advisors follow closely — its streets, housing stock and setting each shape what a residence here is worth and how it lives day to day. We are glad to walk you through the locale in detail, and how this particular address sits within it.

Estimated Monthly Payment+
$15K/mo
Approximate · principal & interest only
Display Currency
$2.99M

Indicative conversion — settlement always in USD.

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Listing courtesy of 5 BORO REALTY CORP · NYSMLS

My State MLS / New York State MLS.Listing data is provided by My State MLS / New York State MLS for the personal, non-commercial use of consumers, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Information is deemed reliable but is not guaranteed accurate and should be independently verified.

Listings updated Jun 10, 2026

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