1197 Flatbush Ave

For Sale

1197 Flatbush Ave, Brooklyn, NY 11226

This Brooklyn property for sale is located at 1197 Flatbush Ave. The current listed sale price for 1197 Flatbush Ave is $1,350,000. 1197 Flatbush Ave is situated on a lot that is 0.04 acre in size.

Contacts

Brendan Thrapp

Verada

broker
David Dubinksy

Property Details

  • 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

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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Attachments

Getting around

  • 93/100

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  • 100/100

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  • 81/100

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Location

  • City Brooklyn, NY
  • Neighborhood Flatbush
  • Zip Code 11226
  • Market Brooklyn

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

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    0.37 miles

  • Best Western Plus

    0.77 miles

  • Ramada

    0.89 miles

  • Days Inn

    1.70 miles

  • Home

    2.05 miles

  • Holiday Inn Express

    2.17 miles

  • Knights Inn

    2.19 miles

  • The Brooklyn Riviera Hostel

    2.34 miles

  • King Hotel

    2.42 miles

  • The Vue Hotel Express

    2.57 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

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