1137 Flatbush Avenue
1137 Flatbush Avenue
Temporarily Off Market
Temporarily Off Market
Description
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,...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.
Listing Agents
![Darrell Williams]()
darrell.williams@compass.comP: 267.234.4084
![Michael Bhagwandin]()
michael.bhagwandin@compass.comP: 917.903.3843
Amenities
- Hardwood Floors
- High Ceilings
- Walk Up
- Total Renovation
- Lowrise
- Tile Floors
Location
Property Details for 1137 Flatbush Avenue
| Status | Temporarily Off Market |
|---|---|
| Days on Market | 428 |
| Taxes | $902 / month |
| Maintenance | - |
| Min. Down Pymt | 25% |
| Total Rooms | 18.0 |
| Compass Type | Mixed Use |
| MLS Type | Multi Family |
| Year Built | 1933 |
| Lot Size | 2,160 SF / 22' x 100' |
| County | Kings County |
Building
1137 Flatbush Ave
Location
Virtual Tour
Building Information for 1137 Flatbush Avenue
Payment Calculator
$11,135 per month
30 year fixed, 7.25% Interest
$10,233
$902
$0
Property History for 1137 Flatbush Avenue
| Date | Event & Source | Price | Appreciation | Link |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1137 Flatbush Avenue
Schools near 1137 Flatbush Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
P.S. 361 East Flatbush Early Childhood School PublicPK to 5 | ||
Ms 246 Walt Whitman Public6 to 8 | ||
Midwood High School Public9 to 12 | ||
P.S. 269 Nostrand PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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