MultiFamily Property Listed at 844 Flatbush Avenue

New York Multifamily is pleased to offer 844 Flatbush Avenue, located in the heart of the bustling Flatbush neighborhood of Brooklyn. Positioned between Caton Avenue and Linden Boulevard, this mixed-use property offers investors a rare opportunity to acquire a stabilized asset in one of the borough’s most active retail and residential corridors. The property is surrounded by strong local and national retailers, excellent transit access, and a growing residential base that continues to drive demand.

Built for resilient in-place cash flow and long-term appreciation, the property comprises 12 residential units and 2 commercial spaces, totaling approximately 8,720 square feet across four stories. With a 9.2% in-place cap rate, 12.17% pro forma cash-on-cash return, and an average residential rent of just $1,306/month, the asset presents significant operational and financial efficiency at acquisition. Investors will benefit from strong tenancy across both residential and retail components, while modest interior upgrades to select units can unlock immediate revenue growth. Situated steps from the Church Avenue subway station and major commercial anchors, 844 Flatbush Avenue is uniquely positioned to outperform in both upcycles and market corrections.

• THE BUILDING

Well-maintained mixed-use property featuring 12 residential units above 2 ground-floor retail spaces with strong frontage on Flatbush Avenue. The asset benefits from high foot traffic, clean tenancy, and light value-add potential in select units.

• THE METRICS

9.2% Cap Rate | 5.7x GRM | $133,929 Price Per Unit | $215 Price Per Sqft | 12.17% Cash-On-Cash

• PRIME LOCATION – FLATBUSH CORRIDOR

Positioned along one of Brooklyn’s busiest retail corridors, just steps from the Church Avenue subway hub. Surrounded by national retailers and

dense residential housing, supporting long-term demand across asset classes.

• GROWTH POTENTIAL

Limited competing inventory and steady neighborhood development create strong fundamentals for rent growth and appreciation. Light renovations to interiors and common areas can unlock additional upside while maintaining in-place cash flow.