1310-1312 Flatbush Ave - Apartments FOR SALE


Brooklyn, NY 11210- Flatbush-Ditmas Park
$5,599,000 USD
631-872-8265
1310-1312 Flatbush Ave, Brooklyn, NY for Sale
$5,599,000 USD
Apartments - FOR SALE
1/25
null | 7.18% Cap Rate

1310-1312 Flatbush Ave
Brooklyn, NY 11210
Flatbush-Ditmas Park


HIGHLIGHTS

  • Property-Wide Capital Improvements: Residential, commercial, and infrastructure upgrades completed throughout.
  • Complete Residential Transformation: Eight gut-renovated free-market apartments delivered with modern finishes and premium features.
  • All residences include stainless steel appliances, central A/C, dishwashers and in-unit washer/dryers - designed for modern living.
  • Established Commercial Cash Flow: Existing storefront tenants provide immediate income with additional long-term upside.

OVERVIEW

The Bedford Flats is a mixed-use investment comprised of two adjoining buildings, offered for sale as a single investment opportunity at 1310 & 1312 Flatbush Avenue in Brooklyn. 1310 features one ground-floor commercial storefront and four 2-bedroom apartments, while 1312 features one ground-floor commercial storefront, two 2-bedroom apartments, and two 3-bedroom apartments. Together, the property includes two commercial storefronts and eight free-market residential apartments. Each building is designed with a commercial storefront fronting Flatbush Avenue and a separate residential entrance along Bedford Avenue, creating a clear distinction between the commercial and residential components. Ownership has invested significant capital into a complete gut renovation of all eight residential apartments, which are nearing completion and will be delivered as a turnkey apartment product featuring modern finishes, central air conditioning, in-unit washer/dryers, dishwashers, and upgraded building systems throughout. Renderings reflect the completed apartment finishes being delivered. Significant upgrades were also completed to the commercial spaces and underlying building infrastructure, including plumbing, electrical, HVAC, and basement improvements, further enhancing the property's long-term value while minimizing anticipated near-term capital expenditures. The commercial spaces are occupied by established tenants, while all eight residential apartments are vacant, allowing investors to immediately lease the units at market rents and establish a market-rate residential rent roll. Located near Brooklyn College and public transportation, The Bedford Flats combines stable commercial tenancy, fully renovated free-market apartments, and significant capital improvements, presenting a compelling opportunity to pair immediate commercial income with the ability to establish a market-rate residential rent roll, creating strong long-term cash flow and appreciation potential.

FOR SALE DETAILS

PRICE

$5,599,000 USD

PRICE/SF

$718 USD /SF

# OF UNITS

10

PRICE/UNIT

$559,900

CAP RATE

7.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bedford Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,264 SF

ZONING

R7A

APN/PARCEL ID

05225-0037

ASK ABOUT THIS PROPERTY

Robert BurnettRevived ResidentialMore Info
631-872-8265

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Robert BurnettRevived ResidentialMore Info
631-872-8265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.