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926 Flatbush Ave 6,000 SF 87% Leased Retail Building Brooklyn, NY 11226 $3,667,534 CAD ($611.26 CAD/SF) 7.15% Cap Rate
Investment Highlights
- Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!!
- The Property Is Located In The Heart Of Brooklyn 2 Blocks From Kings Theatre & Minutes From Prospect Park!!!
- The Property Has 21’ Of Frontage On Busy Flatbush Avenue & Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!!
- The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9’ Ceilings, 2,000 Sqft. Basement, 200 Amp Power, +++!!!
- Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, +++!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers, & End-Users!!! 7.15 Cap 4 Unit 6,000 Sqft. Mixed-Use Building On Flatbush Avenue For Sale!!! The Property Features Excellent Signage, Great Exposure, C4-4A (R7A Equivalent) Zoning, High 9’ Ceilings, Low Property Taxes, 2,000 Sqft. Basement, 6 Parking Spaces, 200 Amp Power, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Brooklyn 2 Blocks From Kings Theatre & Minutes From Prospect Park!!! Neighbors Include Capital One Bank, Bank of America, Verizon, T-Mobile, CubeSmart Self Storage, Planet Fitness, PureGym, Crunch Fitness, Target, Shell, Dunkin’, Foot Locker, Taco Bell, McDonald’s, Wendy’s, Chipotle, Auntie Anne’s, Wingstop, Subway, Popeye’s Louisiana Kitchen, Checkers, Burger King, Five Below, IHOP, +++!!! The Property Has 21’ Of Frontage On Busy Flatbush Avenue!!! This Property Has A Daily Traffic Count Of 15,400+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL): $96,000 Ann.
2nd Floor Office (2,000 Sqft.): $60,000 Ann
3rd Floor Front Office: $31,200 Ann
3rd Floor Rear Office: $34,800 Ann. (Available)
Pro Forma Gross Income: $222,000 Ann.
Expenses:
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $458 Ann.
Insurance: $2,823 Ann.
Taxes: $26,165.40 Ann.
Total Expenses: $29,696.40 Ann
Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)
Income:
1st Floor Store (2,000 Sqft. + 2,000 Sqft. LL): $96,000 Ann.
2nd Floor Office (2,000 Sqft.): $60,000 Ann
3rd Floor Front Office: $31,200 Ann
3rd Floor Rear Office: $34,800 Ann. (Available)
Pro Forma Gross Income: $222,000 Ann.
Expenses:
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Water & Sewer: $458 Ann.
Insurance: $2,823 Ann.
Taxes: $26,165.40 Ann.
Total Expenses: $29,696.40 Ann
Net Operating Income (NOI): $192,303.60 Ann. (7.15% Cap!!!)
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$302,899
|
$50.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$302,899
|
$50.48
|
| Taxes |
$35,700
|
$5.95
|
| Operating Expenses |
$4,818
|
$0.80
|
| Total Expenses |
$40,518
|
$6.75
|
| Net Operating Income |
$262,382
|
$43.73
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $302,899 |
| Annual Per SF | $50.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $302,899 |
| Annual Per SF | $50.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,700 |
| Annual Per SF | $5.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $4,818 |
| Annual Per SF | $0.80 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $40,518 |
| Annual Per SF | $6.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $262,382 |
| Annual Per SF | $43.73 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1931
Price
$3,667,534 CAD
Price Per SF
$611.26 CAD
Cap Rate
7.15%
NOI
$262,382 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.75
Lot Size
0.05 AC
Zoning
C4-4A - R7A equivalent - a general commercial district allowing for a mix of commercial, community facility, and residential uses
Parking
6 Spaces (1 Spaces per 1,000 SF Leased)
Frontage
21’ on Flatbush Ave
Amenities
- 24 Hour Access
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05102-0035 | Total Assessment | $358,182 CAD (2025) |
| Land Assessment | $116,932 CAD (2025) | Annual Taxes | $35,700 CAD ($5.95 CAD/SF) |
| Improvements Assessment | $241,250 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
05102-0035
Land Assessment
$116,932 CAD (2025)
Improvements Assessment
$241,250 CAD (2025)
Total Assessment
$358,182 CAD (2025)
Annual Taxes
$35,700 CAD ($5.95 CAD/SF)
Tax Year
2026
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