Mixed-Use
844 Flatbush Avenue
844 Flatbush Ave, Brooklyn, NY 11226
Listing Price: $1,875,000
Investment Overview
Marcus & Millichap is pleased to offer 844 Flatbush Avenue, located in the heart of the bustling Flatbush neighborhood of Brooklyn. Positioned between Caton Avenue and Linden Boulevard, this mixed-use property offers investors a rare opportunity to acquire a stabilized asset in one of the borough’s most active retail and residential corridors. The property is surrounded by strong local and national retailers, excellent transit access, and a growing residential base that continues to drive demand. Built for resilient in-place cash flow and long-term appreciation, the property comprises 12 residential units and 2 commercial spaces, totaling approximately 8,720 square feet across four stories. With a 9.2% in-place cap rate, 12.17% pro forma cash-on-cash return, and an average residential rent of just $1,306/ month,the asset presents significant operational and financial efficiency at acquisition. Investors will benefit from strong tenancy across both residential and retail components, while modest interior upgrades to select units can unlock immediate revenue growth. Situated steps from the Church Avenue subway station and major commercial anchors, 844 Flatbush Avenue is uniquely positioned to outperform in both upcycles and market corrections.
844 Flatbush Avenue
Investment Highlights
- 844 Flatbush Avenue, built in 1914, is a well-maintained mixed-use property featuring 12 residential units above 2 ground-floor retail spaces with strong frontage on Flatbush Avenue.
- 9.2% Cap Rate | 5.7x GRM | $133,929 Price Per Unit | $215 Price Per Sqft | 12.17% Cash-On-Cash
- Positioned along one of Brooklyn's busiest retail corridors, just steps from the Church Avenue subway hub.
Listing Price: $1,875,000
Investment Highlights
- 844 Flatbush Avenue, built in 1914, is a well-maintained mixed-use property featuring 12 residential units above 2 ground-floor retail spaces with strong frontage on Flatbush Avenue.
- 9.2% Cap Rate | 5.7x GRM | $133,929 Price Per Unit | $215 Price Per Sqft | 12.17% Cash-On-Cash
- Positioned along one of Brooklyn's busiest retail corridors, just steps from the Church Avenue subway hub.
Investment Overview
Marcus & Millichap is pleased to offer 844 Flatbush Avenue, located in the heart of the bustling Flatbush neighborhood of Brooklyn. Positioned between Caton Avenue and Linden Boulevard, this mixed-use property offers investors a rare opportunity to acquire a stabilized asset in one of the borough’s most active retail and residential corridors. The property is surrounded by strong local and national retailers, excellent transit access, and a growing residential base that continues to drive demand. Built for resilient in-place cash flow and long-term appreciation, the property comprises 12 residential units and 2 commercial spaces, totaling approximately 8,720 square feet across four stories. With a 9.2% in-place cap rate, 12.17% pro forma cash-on-cash return, and an average residential rent of just $1,306/ month,the asset presents significant operational and financial efficiency at acquisition. Investors will benefit from strong tenancy across both residential and retail components, while modest interior upgrades to select units can unlock immediate revenue growth. Situated steps from the Church Avenue subway station and major commercial anchors, 844 Flatbush Avenue is uniquely positioned to outperform in both upcycles and market corrections.
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
