Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1970 FLATBUSH Avenue #TWNH
Interested in this property?
Active For Sale Rental

$1,499,000

$463 per sq ft

1970 FLATBUSH Avenue #TWNH

Marine Park, Brooklyn

MLS® #RLS20093758

RLS at REBNY

Listing by Corcoran Group

8

Bedrooms

4.5

Baths

3,240

Sq. Ft.

1949

Year Built

Quick Summary

Bedrooms 8
Bathrooms 5 full, 1 half
Living Area 3,240 sq ft
Year Built 1949
Ownership RentalBuilding
HOA/Common Charges $27,669/mo
Neighborhood Marine Park
Floor 3 of 3

Property Highlights

  • Style: WalkUp architecture

Property Details

Type Rental
Ownership Rental Building
Total Rooms 10
Baths 4 Full, 1 Half
Floor 3 of 3
Pets Yes
Year Built 1949
Living Area 3,240 sq ft
Architectural Style WalkUp
Basement Other
Parcel # 07817-0054
Block/Lot 07817/0054

Listing History

Event Date Price Change
Listed May 27, 2026 $1,499,000 -
Currently Jun 15, 2026 $1,499,000 -

Description

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

Features & Amenities

Interior Features

Building None

Exterior Features

None

Building Information

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

Financial Details

Common Charges $27,669/mo

Marine Park is a residential Brooklyn neighborhood of single-family detached and semi-attached brick homes built primarily in the 1930s through 1960s, surrounding the 798-acre Marine Park salt marsh and nature preserve. Local buses connect to the B/Q trains at Avenue U and the 2/5 at Flatbush Avenue. The Marine Park Golf Course and Salt Marsh Nature Center offer outdoor recreation along Gerritsen Creek.

Marine Park Live Market Data

View Neighborhood

Active Listings

6

Median Asking Price

$925K

Median $/Sqft

$463

Avg Days on Market

N/A

New This Week

0

Price Reduced

0%

Sold (30 Days)

0

Median Sale Price

$775K

Live data from RLS at REBNY • Updated 6/15/26, 12:52 PM EST

Recently Sold in Marine Park

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Location

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1970 FLATBUSH Avenue #TWNH, Marine Park, Kings County

Building Information

Official NYC property records for this building

1949
Year Built
77 years old
3
Floors
R5
Zoning District

Tax & Assessment

Assessed Value: $275,400
Land Value: $28,350
Exemptions: $0

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

Lot Area: 1,800 SF
Building Area: 3,240 SF
Built FAR: 1.8
Allowed FAR: 1.5

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 $27,669 per month. Confirm the exact amount with the listing broker before making an offer.

This property has 8 bedrooms and 4 full bathrooms and 1 half bathroom.

The listed interior living area is 3,240 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1949, making it approximately 77 years old.

This listing is RentalBuilding

Pet policy requires confirmation with the listing broker.

At the current list price of $1,499,000 for 3,240 sq ft, the asking price per square foot is approximately $463. This figure is for reference only and may differ from appraised or assessed values.

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: RLS20093758
First Listed: 5/27/2026
On Market: 5/27/2026
Price Changed: 5/27/2026
Contract Date: 5/27/2026

Listing Courtesy of Corcoran Group - Gina N Taylor

Listing Contact: (646) 382-8802

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 6/15/2026 at 4:52 PM UTC

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