1137 Flatbush Ave

Welcome to 1137 Flatbush Avenue, a mixed-use building with four free-market residential apartments and two retail units spanning 5,170 sqft in Flatbush, Brooklyn. Each apartment has three bedrooms, renovated kitchen and bathroom, and exposed brick in the bedrooms. The property has a stable income with a current cap rate of 6%, expected to reach 7+% with slight increases. It also offers a development opportunity with 3,500 SF of additional air rights in an R7A/C2-4 zoning. The property is near shopping, restaurants, entertainment, and the historic Kings Theatre. The Beverly Road 2 and 5 trains are a five-minute walk, and the Cortelyou Road Q train is nearby.