Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,150,000

· Closed June 11, 2018

703 Flatbush Avenue
Closed For Sale Mixed Use

$2,150,000

703 Flatbush Avenue

Lefferts Gardens, Brooklyn

MLS® #RLS10049086

RLS at REBNY

Listing by The Corcoran Group

Studio

Bedroom

0

Bath

N/A

Sq. Ft.

1925

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 0
Year Built 1925
Neighborhood Lefferts Gardens

Property Highlights

  • Style: Prewar architecture
  • Character: Pre-war building (1925)

Property Details

Type Mixed Use
Baths null Full
Pets Yes
Cross Street Winthrop Street/Parkside Avenue
Year Built 1925
Architectural Style Prewar
Parcel # 05048-0005
Block/Lot 5048/0005

Listing History

Event Date Price Change
Listed Nov 13, 2017 $2,195,000 -
Currently Jun 10, 2026 $2,150,000 -2.1%

Description

Investment opportunity in Prospect Lefferts Gardens, located on a very visible, high traffic avenue adjacent to Prospect Park & Brooklyn Botanical Gardens.This mixed use, 3 unit building is located on Flatbush Avenue between Parkside Avenue & Winthrop Street, a PRIME retail location. The commercial space boasts 2,000 SQFT of retail space PLUS full basement. The space is versatile as it can be used as office, medical, retail etc. Current lease expires 2020 with 5% increases annually. The space boasts 20.08 ft of retail frontage. Two residential units have been beautifully renovated, and are true 3 bedrooms & 2 full bathrooms in each unit, over sized living/ dining areas, all new hardwood floors. The kitchens are complete with granite counter tops and stainless steel appliances, dishwasher AND washer/dryer! And outdoor space on the 2nd floor. Gross income: $111,264, NOI: $102,024 Lot sq. ft 1,950 Lot dimensions20.08 ft x 96.5 ft MAX FAR: 3.44 FAR as Built: 1.69 Building classPrimarily 2Fam with One Store or Office (S2) Sq. ft.3,300 Building dimensions 20.08 ft x 55 ft (plus extension) Stories3 Zoning District codeC1-3/R7-1 See set up information.

Building Information

Lefferts Gardens features a mix of residential architecture, including historic cooperatives and row houses. The area is served by the Long Island Rail Road and subway lines, providing robust transit access. Local landmarks are complemented by neighborhood parks and established commercial strips.

Lefferts Gardens Live Market Data

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Median Asking Price

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Median $/Sqft

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Live data from RLS at REBNY • Updated 6/9/26, 8:29 PM EST

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Location

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703 Flatbush Avenue, Lefferts Gardens, Kings County • Near Winthrop Street/Parkside Avenue

Floor Plans

Floor Plan 1
Floor Plan 2

Building Information

Official NYC property records for this building

1925
Year Built
101 years old
3
Floors
2
Residential Units
R7-1
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $133,320
Land Value: $11,100
Exemptions: $0

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

Lot Area: 1,950 SF
Building Area: 3,300 SF
Built FAR: 1.69
Allowed FAR: 3.44

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

According to MLS records, the building was constructed in 1925, making it approximately 101 years old.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

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: RLS10049086
First Listed: 11/13/2017
Price Changed: 1/5/2018
Closed: 6/11/2018
Contract Date: 11/13/2017

Listing Courtesy of The Corcoran Group - Lisa Lonuzzi

Listing Contact: (917) 747-2942

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 6/10/2026 at 12:29 AM UTC

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