Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $650,000

· Closed January 15, 2026

1022 NEW YORK Avenue #MULTI
Closed For Sale Rental

$650,000

1022 NEW YORK Avenue #MULTI

Flatbush, Brooklyn

MLS® #RLS20023516

RLS at REBNY

Listing by Corcoran Group

12

Bedrooms

6

Baths

N/A

Sq. Ft.

1931

Year Built

Quick Summary

Bedrooms 12
Bathrooms 6
Year Built 1931
Ownership RentalBuilding
Neighborhood Flatbush
Floor 3 of 3

Property Highlights

  • Style: WalkUp architecture
  • Character: Pre-war building (1931)

Property Details

Type Rental
Ownership Rental Building
Total Rooms 24
Baths 6 Full
Floor 3 of 3
Pets Yes
Year Built 1931
Architectural Style WalkUp
Basement Other
Parcel # 04903-0017
Block/Lot 04903/0017

Listing History

Event Date Price Change
Listed May 13, 2025 $850,000 -
Currently May 4, 2026 $650,000 -23.5%

Description

A unique opportunity to own an investment Prime East Flatbush. This six-unit investment property has one vacant unit. Fully occupied the return on this property has six percent cap rate for the owner. The house next is available as well with one vacancy and the same six percent cap rate when fully occupied. Located four short blocks for the 2/5 train on Nostrand Avenue; which is 30 mins to Manhattan.

Features & Amenities

Interior Features

Building None

Exterior Features

Private Outdoor Space Over60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 6
Stories 3
Style WalkUp

Flatbush features one of Brooklyn's most varied housing stocks, including grand detached Victorians along Ocean Avenue, limestone and brownstone rowhouses, prewar apartment buildings, and brick townhomes within landmarked districts like Prospect Park South and Ditmas Park. The Q, 2, and 5 trains connect the neighborhood to Manhattan, while Prospect Park's 526 acres of green space border the northern edge. The restored Kings Theatre, a 1920s-era landmark performance venue, and Erasmus Hall High School, founded in 1786, are among the area's most notable architectural features.

Flatbush Live Market Data

View Neighborhood

Active Listings

51

Median Asking Price

$535K

Median $/Sqft

$705

Avg Days on Market

N/A

New This Week

4

Price Reduced

22%

Sold (30 Days)

3

Median Sale Price

$445K

Live data from RLS at REBNY • Updated 5/4/26, 11:30 AM EST

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Location

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1022 NEW YORK Avenue #MULTI, Flatbush, Kings County

Building Information

Official NYC property records for this building

1931
Year Built
95 years old
3
Floors
6
Residential Units
R6
Zoning District
Walk-Up Apartments

Tax & Assessment

Assessed Value: $540,000
Land Value: $5,400
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,377 SF
Building Area: 5,250 SF
Built FAR: 2.21
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 12 bedrooms and 6 full bathrooms.

According to MLS records, the building was constructed in 1931, making it approximately 95 years old.

This listing is RentalBuilding

Pet policy requires confirmation with the listing broker.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20023516
First Listed: 5/13/2025
On Market: 5/13/2025
Price Changed: 1/15/2026
Closed: 1/15/2026
Contract Date: 5/13/2025

Listing Courtesy of Corcoran Group - Hakim D Edwards

Listing Contact: (347) 489-2247

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 3:30 PM UTC

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