For Sale
4,048 SF mixed-use building. 2 free-market apartments above a vacant, turnkey restaurant space. Asking $1,350,000.
4,048 SF
Mixed-Use
Turnkey Restaurant
Free Market Apartments
Vacant Ground Floor
Below Comp Avg PSF
Space Details
Total SF
4,048 SF
Residential Units
2, Free Market
Restaurant Space
Vacant, Turnkey
Available
Restaurant Vacant at Closing
Sale Details
Asking Price
$1,350,000
Total Rent Roll
$118,200/yr
Residential Income
$46,200/yr
Restaurant Income (Proj.)
$72,000/yr
Est. NOI
$95,156
Cap Rate (Pro Forma)
7.05%
Transit
Q Train
Well Suited For
Investor
Restaurant Owner-Operator
1031 Buyer
Location
1197 Flatbush Ave
Brooklyn, NY 11226
Brooklyn, NY 11226
Occupancy
Immediate