See all 53 photos
53 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Corcoran Group
$1,499,000
Est. payment /mo
8 Beds
5 Baths
3,240 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,240 sqft
Price per Sqft $462
Subdivision Marine Park
MLS Listing ID RLS20093758
Style Walk-Up
Bedrooms 8
Full Baths 5
HOA Fees $27,669/mo
HOA Y/N Yes
Year Built 1949
Property Sub-Type Apartment
Property 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
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
Location
Rooms
Basement Other
Interior
Fireplace No
Laundry Building None
Exterior
Exterior Feature None
Pool Building None
View Y/N No
Porch None
Private Pool Yes
Building
Story 3
New Construction No
Others
Tax ID 07817-0054
Ownership Rental Building
Monthly Total Fees $27, 669
Special Listing Condition Standard
Pets Allowed Building No, No
Read Less Info
RLS Data display by ACLM Group
GET MORE INFORMATION