1970 Flatbush Avenue #TWNH, Brooklyn, NY 11234
Local realty services provided by:CENTURY 21 Awaye Realty
1970 Flatbush Avenue #TWNH,Brooklyn, NY 11234
$1,499,000
- 8 Beds
- 5 Baths
- 3,240 sq. ft.
- Multi-family
- Pending
Listed by: gina n taylor
Office: corcoran group
MLS#:RLS20093758
Source:NY_REBNY
Price summary
- Price:$1,499,000
- Price per sq. ft.:$462.65
About this home
1970 Flatbush Avenue Brooklyn, NY <br> Mixed-Use Investment & Owner-User Opportunity<br> <br> 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.<br> 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.<br> 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.<br> <br> The commercial space includes: <br> High-visibility storefront exposure <br> Full basement for storage or operations <br> 1 half bath in main store area <br> 1 full bath in rear office/storage area<br> <br> Above the commercial unit are two residential income-producing apartments:<br> <br> Second Floor: <br> 4 Bedrooms / 2 Bathrooms <br> Spacious front living room with en-suite bath <br> Additional full bathroom off kitchen<br> <br> Third Floor: <br> 4 Bedrooms / 1 Bathroom<br> <br> 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. <br> Tax Amount: $27,669<br> <br> The ground-floor commercial space offers flexibility for a wide range of business concepts including:<br> -Café or coffee concept<br> -Juice bar or smoothie shop<br> -Specialty food market<br> -Boutique fitness studio<br> -Wellness or med spa<br> -Physical therapy or medical office<br> -Professional office space<br> -Beauty salon or barbershop <br> -Nail or cosmetic studio<br> -Boutique retail<br> -Cannabis dispensary (subject to approvals)<br> -Insurance, legal, or accounting office<br> -Creative studio or showroom<br> -Quick-service restaurant<br> -Dessert or bakery concept<br> The storefront benefits from strong visibility, consistent traffic flow, and prominent positioning along a major Brooklyn commercial artery.<br> <br> Neighborhood Overview The Flatbush Corridor:<br> 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.<br> 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:<br> -National retailers<br> -Local restaurants and cafés<br> -Service-oriented businesses<br> -Medical and wellness operators<br> -Fitness concepts<br> -Professional offices<br> -Cultural and community destinations<br> Its accessibility, density, and continuous commercial activity make Flatbush Avenue a highly desirable location for both tenants and long-term investors.<br> <br> Investment Highlights:<br> -High-cash-flow mixed-use investment<br> -Diversified residential and commercial income<br> -Ground-floor storefront with basement access<br> -Two residential apartments above<br> -Strong Flatbush Avenue exposure<br> -Heavy foot and vehicle traffic<br> -Flexible commercial use potential<br> -Stable in-place income<br> -Potential future tax optimization upside<br> -Investor or owner-user opportunity<br>...
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Home facts
- Year built:1949
- Subdivision & Development:Marine Park
- Listing ID #:RLS20093758
- Added:156 day(s) ago
- Updated:October 31, 2026 at 09:14 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:5
- Full bathrooms:4
- Half bathrooms:1
- Rooms Total:10
- Basement:Yes
- Living area:3,240 sq. ft.
Structure and exterior
- Year built:1949
- Building area:3,240 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$1,499,000
- Price per sq. ft.:$462.65
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