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1970 Flatbush Avenue TWNHBrooklyn, NY 11234

For Sale

$1,499,000

Smart Buyer Rebate $18,738

1970 Flatbush Avenue Brooklyn, NY
Mixed-Use Investment & Owner-User 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

Listed by Gina N Taylor

·

Corcoran Group

·

(646) 382-8802

Last updated June 15, 2026

·

Source: REBNY #RLS20093758

RLS Data display by Prevu Real Estate LLC

Listing Facts

  • TypeSingle-family
  • NeighborhoodMill Basin
  • Bedrooms8
  • Bathrooms4.5
  • Days on Prevu20
  • HOA/Maint. Fees$27,669/month
  • Size3,240 sqft
  • Price per sqft$463

Amenities

  • Private Outdoor Space

Location

Mortgage Calculator

Listing History

05/27/2026
Listed by Corcoran Group
$1,499,000

Estimated Closing Costs

Total
$54,320
Attorney Fees
$4,000
NYC Mansion Tax
$14,990
Title Insurance
$6,746
Bank Attorney
$1,500
Mortgage Recording Tax
$23,084
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $1,499,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1970 Flatbush Avenue TWNH

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $27,669.00 Monthly

Exterior

Construction

  • Number Of Units Total: 3
  • Stories Total: 3
  • Year Built: 1949
  • Entry Level: 3

Financial

Taxes

  • Parcel Number: 07817-0054

Interior

Measurements

  • Living Area: 3,240
  • Living Area Units: SquareFeet

Rooms

  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 8
  • Rooms Total: 10

Other

Location

  • City Region: Brooklyn
  • Subdivision Name: Marine Park
  • Tax Block: 07817
  • Tax Lot: 0054

Frequently Asked Questions

How many bedrooms and bathrooms does this single-family home have?

There are 8 bedrooms and 4.5 bathrooms in this single-family home at 1970 Flatbush Avenue TWNH.

How does 1970 Flatbush Avenue TWNH compare to other single-family homes in Mill Basin?

This single-family home is listed 26% below the average price for single-family homes in Mill Basin and has been on the market for 68 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 3,240 sqft.

1970 Flatbush Avenue TWNH is a 8-bedroom, 4.5-bath single-family home for sale in Brooklyn NY 11234. Available on Prevu for 20 days at $1,499,000. This residence features 3,240 square feet of living space, located in Mill Basin. The median listing price for single-family homes in this area is $1,237,500. Additional amenities include private outdoor space. Browse more single-family home listings in Brooklyn.

RLS Data display by Prevu Real Estate LLC The Registrant acknowledges each other RLS Broker's ownership of, and the validity of their respective copyright in, the Exclusive Listings that are transmitted over the RLS. The information is being provided by RLS at REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2026 RLS at REBNY Listing Service, Inc. All rights reserved. Based on information from the Real Estate Board of New York and/or other sources. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity. 2026 The Real Estate Board of New York, Inc., All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.