1197 Flatbush Ave

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.