Revived Residential
Listed by Revived Residential
$5,599,000
The Bedford Flats
Details
APN 052250037
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 9,000
Units 8
NOI $75,582
Tenancy Multi
Brand/Tenant Deli: Caribbean Convenience, Office: NYS Assembly Rodneyse Bichotte
Pro-Forma Cap Rate 7.18%
Pro-Forma NOI $401,982
Price per SqFt $622
Year Built 1931
Buildings 2
Lot Size (SqFt) 3,290
Zoning R7A / C2-4
Investment Type Value Add
1310-1312 Flatbush Avenue, Brooklyn, NY 11210
Marketing description
Revived Residential is pleased to present The Bedford Flats. The offering consists of two adjoining mixed-use buildings, each comprised of one ground-floor retail space fronting Flatbush Avenue and four fully renovated free-market residences with a private residential entrance on Bedford Avenue.
The residential component features two- and three-bedroom layouts, each thoughtfully renovated with in-unit washer/dryers, central air conditioning, dishwashers, and modern finishes throughout.
Positioned in the heart of the Flatbush corridor, the property offers convenient access to neighborhood shopping, dining, public transportation, and nearby Brooklyn College, making it an attractive destination for both residential and commercial tenants.
Investment highlights
- Mixed-Use Investment Opportunity: The property consists of two adjoining mixed-use buildings at 1310 & 1312 Flatbush Avenue, featuring two ground-floor commercial spaces and eight free-market residential apartments. 1310 Flatbush Avenue includes one commercial storefront and four two-bedroom apartments. 1312 Flatbush Avenue includes one commercial storefront, two two-bedroom apartments, and two three-bedroom apartments. Dedicated residential entrances are located on Bedford Avenue, providing separate access for residents.
- Thoughtfully Renovated Residential Product: Ownership has invested significant capital into renovating all eight free-market residential apartments. Featuring modern finishes, central air conditioning, and in-unit washer/dryers throughout, the apartments are designed to maximize tenant appeal while minimizing near-term capital expenditures. The residential units can be delivered vacant, allowing investors to immediately establish a market-rate rent roll aligned with their investment strategy.
- Established Commercial Tenancy with Rental Upside: The commercial component benefits from established tenants across both buildings, providing immediate in-place income and long-term stability.
- 1312 Flatbush Avenue (Assembly): Recently executed a 5-year lease extension (September 2026 - October 2031), demonstrating continued commitment to the property.
- 1310 Flatbush Avenue (Deli): Current lease term October 2022 - September 2027. Tenant has expressed interest in renewing prior to expiration, providing future upside potential, due to current below-market rent.
- Ideal 1031 Exchange & Long-Term Hold Opportunity: This investment presents an attractive opportunity for 1031 exchange buyers seeking a well-located mixed-use asset. Established commercial tenancy, renovated free-market apartments, and the opportunity to lease the residential units at market rents position the property for stable cash flow and long-term appreciation.
Listing Contacts
Revived Residential
Listed by Revived Residential
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,582.00
$6,298.50/mo
Valuation Metrics
0
DSCR
1.35%
Cap Rate
1.35%
ROI
Map
Zoning
R7A ResidentialMulti FamilyGeneral Residence
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View all 99 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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