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950 Flatbush Ave 4,790 SF 100% Leased Retail Building Brooklyn, NY 11226 $4,401,280 CAD ($918.85 CAD/SF)
Investment Highlights
- Free Market | Newly Built | Smart System | Sep Utilities | Available SQFT | Sep Basement
Executive Summary
Presenting our latest exclusive at the newly built 950 Flatbush Avenue, a rare mixed-use investment opportunity located in one of Brooklyn’s busiest and most established commercial corridors. This well-maintained property features five residential units plus one established retail store FREE MARKET, offering strong in-place income and long-term upside.
Property Highlights
Lot Size: 20' x 113.67'
Building Size: 20' x 55'
Zoning: R7A / C4-4A (R7A Equivalent)
Stories: 3
Basement: Full walk-out basement
Asking Price: $3,200,000
Residential Configuration
1 Studio Garden Apartment
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Commercial Component
The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month.
Investment Potential
Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of:
Strong current cash flow
Creditworthy retail tenancy
Desirable residential unit mix
Finished basement for additional utility
Valuable mixed-use zoning with potential for future development
Location
Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities.
This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn’s most dynamic and consistently performing investment markets.
Property Highlights
Lot Size: 20' x 113.67'
Building Size: 20' x 55'
Zoning: R7A / C4-4A (R7A Equivalent)
Stories: 3
Basement: Full walk-out basement
Asking Price: $3,200,000
Residential Configuration
1 Studio Garden Apartment
2 One-Bedroom Apartments
2 Two-Bedroom Apartments
Commercial Component
The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month.
Investment Potential
Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of:
Strong current cash flow
Creditworthy retail tenancy
Desirable residential unit mix
Finished basement for additional utility
Valuable mixed-use zoning with potential for future development
Location
Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities.
This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn’s most dynamic and consistently performing investment markets.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$294,611
|
$61.51
|
| Other Income |
$115,534
|
$24.12
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$410,144
|
$85.63
|
| Taxes |
$50,890
|
$10.62
|
| Operating Expenses |
$17,468
|
$3.65
|
| Total Expenses |
$68,357
|
$14.27
|
| Net Operating Income |
$341,787
|
$71.35
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $294,611 |
| Annual Per SF | $61.51 |
| Other Income (CAD) | |
|---|---|
| Annual | $115,534 |
| Annual Per SF | $24.12 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $410,144 |
| Annual Per SF | $85.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $50,890 |
| Annual Per SF | $10.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,468 |
| Annual Per SF | $3.65 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,357 |
| Annual Per SF | $14.27 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $341,787 |
| Annual Per SF | $71.35 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,790 SF
Building Class
C
Year Built/Renovated
1931/2026
Price
$4,401,280 CAD
Price Per SF
$918.85 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.20
Lot Size
0.05 AC
Zoning
C4-4A/R7A - C4-4A Zoning is a general commercial zoning district in NYC typically meant for larger commercial uses such as larger stores and offices and areas with higher traffic.
Frontage
20’ on Flatbush Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Carvel
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Carvel | - | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05102-0047 | Total Assessment | $463,174 CAD |
| Land Assessment | $132,600 CAD | Annual Taxes | $50,890 CAD ($10.62 CAD/SF) |
| Improvements Assessment | $330,574 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
05102-0047
Land Assessment
$132,600 CAD
Improvements Assessment
$330,574 CAD
Total Assessment
$463,174 CAD
Annual Taxes
$50,890 CAD ($10.62 CAD/SF)
Tax Year
2026
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Presented by
5 Boro Realty
950 Flatbush Ave
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