1970 FLATBUSH Avenue TWNH Brooklyn, NY $ 1,499,000
1970 FLATBUSH Avenue TWNH
$ 1,499,000
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1970 FLATBUSH Avenue TWNH

Brooklyn, NY, 11234
$ 1,499,000
Bedrooms8 Baths4.1 Sq 3,240

Monthly Estimate*

$ 9,230

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Apartment for sale in Brooklyn, NY

for $1,499,000 with 8 bedrooms and 4 full baths, 1 half bath. This 3,240 square foot apartment was built in 1949.

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

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Apartment Active

Price

$ 1,499,000

Bedrooms

8

Full Bath

4

Half Bath

1

Property Type

Apartment

Taxes

$ 0

Style

Year Built

1949

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

RLS20093758

List By
Gina N Taylor

Listing Agent

Corcoran Group

Broker

(646) 382-8802

Phone

Affordability Calculator

$9,230
Per Month
100%
0%
0%
Monthly Principal & Interest
$9,230
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
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Pricing History
DatePricePrice ChangeDescription
5/27/2026$1,499,000 Listed Price

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1970 FLATBUSH Avenue TWNH, Brooklyn, NY, 11234 is a Apartment for sale at $1,499,000 with 3,240 sqft. 1970 FLATBUSH Avenue TWNH has 8 bedrooms, 4.1 baths, and was built in 1949. The property's zip code is 11234 which is in Brooklyn, NY