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  2. 1197 Flatbush Avenue
  • 1197 Flatbush Avenue
  • $ 1,390,000
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226

1197 Flatbush Avenue

Flatbush

Building For Sale
$ 1,390,000
Ownership Mixed Use
Lot Size 19'x90'
Status Active
 

Photos

1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
1197 Flatbush Avenue Flatbush Brooklyn NY 11226

Property Description

Welcome to this mixed-use brick building located in the heart of Flatbush, offering a compelling investment opportunity with both retail and residential income streams. The property features a ground-floor commercial storefront along a busy Flatbush Avenue corridor, providing excellent visibility and consistent foot traffic. The residential component consists of two spacious three-bedroom, one-bathroom apartments, with tenants responsible for their own utilities, including heat, hot water, electric, and cooking gas. Both residential units are currently occupied without long-term leases, with one unit on a month-to-month basis, offering flexibility for future repositioning or rent optimization. The property is zoned R7A, allowing for mid-rise residential development, and offers the potential to fully extend the first floor to maximize lot coverage, enhancing retail or commercial use and overall income potential. Conveniently located near major transportation options, including the B and Q subway lines at Church Avenue and the 2 and 5 trains at Flatbush Avenue–Brooklyn College, the property provides easy access to Manhattan and throughout Brooklyn. Multiple bus lines, including the B35, B41, and B44, further enhance accessibility. The surrounding area is rich in amenities, with nearby schools such as P.S. 249 and Erasmus Hall High School, as well as Brooklyn College just a short distance away. Flatbush Avenue offers a vibrant mix of restaurants, cafes, and local shops, contributing to strong tenant demand and long-term neighborhood stability. This is an excellent opportunity for investors seeking immediate cash flow with significant upside potential through rent growth and future development possibilities.
Welcome to this mixed-use brick building located in the heart of Flatbush, offering a compelling investment opportunity with both retail and residential income streams. The property features a ground-floor commercial storefront along a busy Flatbush Avenue corridor, providing excellent visibility and consistent foot traffic. The residential component consists of two spacious three-bedroom, one-bathroom apartments, with tenants responsible for their own utilities, including heat, hot water, electric, and cooking gas. Both residential units are currently occupied without long-term leases, with one unit on a month-to-month basis, offering flexibility for future repositioning or rent optimization. The property is zoned R7A, allowing for mid-rise residential development, and offers the potential to fully extend the first floor to maximize lot coverage, enhancing retail or commercial use and overall income potential. Conveniently located near major transportation options, including the B and Q subway lines at Church Avenue and the 2 and 5 trains at Flatbush Avenue–Brooklyn College, the property provides easy access to Manhattan and throughout Brooklyn. Multiple bus lines, including the B35, B41, and B44, further enhance accessibility. The surrounding area is rich in amenities, with nearby schools such as P.S. 249 and Erasmus Hall High School, as well as Brooklyn College just a short distance away. Flatbush Avenue offers a vibrant mix of restaurants, cafes, and local shops, contributing to strong tenant demand and long-term neighborhood stability. This is an excellent opportunity for investors seeking immediate cash flow with significant upside potential through rent growth and future development possibilities.

Listing Courtesy of eXp Realty BKNY

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

Care to take a look at this property?

Apartment Features

Exposed Bricks
Hardwood Floors
1197 Flatbush Avenue Flatbush Brooklyn NY 11226
1197 Flatbush Avenue Flatbush Brooklyn NY 11226

Building Details [1197 Flatbush Avenue]

Ownership Mixed Use
Zoning R7A
Lot Size 19'x90'

Mortgage Calculator in [US Dollars]

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Loan Amount

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 500362