Address
1970 Flatbush Avenue Twnh, Brooklyn, NY
Price
$ 1,499,000
Property Attributes
- MLS#RLS20093758
- TypeSingle Family
- Listing Status Pending
- CountyKings
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodMarine Park
- Zip11234
- Style
- Year Built1949
- Price$ 1,499,000
- Bedrooms8
- Full Bathrooms4
- Half Bathrooms1
- Sqr Footage3240
Data Source:
Real Estate Board of New York (REBNY)
Property Description
1970 Flatbush Avenue Broοklyn, ΝY
Μiхеd‐Use Investmеnt & Οwnеr‐Usеr Opportunity
Rare opportunity to acquire a cash-flowing mixed-use asset located on heavily trafficked Flatbush Avenue in Brooklyn. The property features a ground-floor commercial storefront with basement access and 1.5 bathrooms, plus two residential apartments above generating stable rental income.
The asset combines strong existing cash flow with long-term upside potential through future rent growth, commercial repositioning, and potential tax optimization associated with residential mixed-use usage.
Positioned along a high-visibility commercial corridor with strong foot and vehicle traffic, the property is ideal for investors, 1031 exchange buyers, or owner-users seeking stable income in a prime Brooklyn location.
The commercial space includes:
High-visibility storefront exposure
Full basement for storage or operations
1 half bath in main store area
1 full bath in rear office/storage area
Above the commercial unit are two residential income-producing apartments:
Second Floor:
4 Bedrooms / 2 Bathrooms
Spacious front living room with en-suite bath
Additional full bathroom off kitchen
Third Floor:
4 Bedrooms / 1 Bathroom
Whether you're looking for a strong cash-flow investment, a live/work opportunity, or a repositioning play in one of Brooklyn's busiest corridors, 1970 Flatbush Avenue offers flexibility, visibility, and long-term potential.
Tax Amount: $27,669
The ground-floor commercial space offers flexibility for a wide range of business concepts including:
-Café or coffee concept
-Juice bar or smoothie shop
-Specialty food market
-Boutique fitness studio
-Wellness or med spa
-Physical therapy or medical office
-Professional office space
-Beauty salon or barbershop
-Nail or cosmetic studio
-Boutique retail
-Cannabis dispensary (subject to approvals)
-Insurance, legal, or accounting office
-Creative studio or showroom
-Quick-service restaurant
-Dessert or bakery concept
The storefront benefits from strong visibility, consistent traffic flow, and prominent positioning along a major Brooklyn commercial artery.
Neighborhood Overview The Flatbush Corridor:
Flatbush Avenue remains one of Brooklyn's most active and recognizable commercial corridors, connecting multiple densely populated residential neighborhoods with retail, dining, transportation, and entertainment destinations.
The surrounding area continues to experience steady residential demand, ongoing neighborhood investment, and strong consumer traffic driven by both local residents and commuters. The corridor is home to a diverse mix of:
-National retailers
-Local restaurants and cafés
-Service-oriented businesses
-Medical and wellness operators
-Fitness concepts
-Professional offices
-Cultural and community destinations
Its accessibility, density, and continuous commercial activity make Flatbush Avenue a highly desirable location for both tenants and long-term investors.
Investment Highlights:
-High-cash-flow mixed-use investment
-Diversified residential and commercial income
-Ground-floor storefront with basement access
-Two residential apartments above
-Strong Flatbush Avenue exposure
-Heavy foot and vehicle traffic
-Flexible commercial use potential
-Stable in-place income
-Potential future tax optimization upside
-Investor or owner-user opportunity
| Price History | |
|---|---|
| 5/27/2026 | Listed $1,499,000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 11234
Price
Year Built
In The Neighborhood
Brooklyn
$ 799,000
- Type
- Single Family
- Size
- 1,835 SqFt
- Rooms
- 3 Beds + 2 Baths
Listed by: Revived Residential
Brooklyn
$ 699,000
- Type
- Single Family
- Size
- 1,339 SqFt
- Rooms
- 3 Beds + 3 Baths
Listed by: Corcoran Group
Brooklyn
$ 1,099,999
- Type
- Single Family
- Size
- 602 SqFt
- Rooms
- 3 Beds + 2.5 Baths
Listed by: Douglas Elliman Real Estate
Brooklyn
$ 779,000
- Type
- Single Family
- Rooms
- 2 Beds + 2 Baths
Listed by: Brown Harris Stevens Brooklyn LLC
Brooklyn
$ 798,000
- Type
- Single Family
- Size
- 1,672 SqFt
- Rooms
- 2 Beds + 2 Baths
Listed by: RE Max Edge Group
Staten Island Board of REALTORS® (SIBOR)
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