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
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Corcoran Group
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(646) 382-8802
Last updated June 15, 2026
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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
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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.
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.