--- title: "315 FLATBUSH Avenue #2, New York City, NY 11217" description: "315 FLATBUSH Avenue #2, New York City, NY 11217 — Prospect Heights, New York City, NY. Listing Price $1,650,000. Studio bed, 2 bath Illustrative Buyer Commission Share of $24,750 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11217/315-flatbush-avenue-2-ny-11217" source: "Real Estate Rebate Team" status: "Active" --- # 315 FLATBUSH Avenue #2, New York City, NY 11217 Prospect Heights, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $1,650,000 - **Beds**: Studio - **Total Baths**: 2 - **Common Charges**: $1,032 / mo - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,650,000 - **Illustrative Buyer Commission Share**: -$24,750* - **Illustrative Net Cost**: $1,625,250 *Illustrative Buyer Savings of $24,750 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0c69ebcd-ef88-4558-a0f2-946cf49e19b6.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/63a631cd-5395-4ccf-8f94-e20f8c70fe94.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/6c5bdf6a-8ead-4644-bb08-d2106d79601f.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/fd409699-d8f4-431c-bdc4-3fdcf1a67827.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2d144835-c7dc-4251-8d4b-aa30c22df119.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8acd84b5-4477-4ee1-bf6c-0b65888e3341.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9262f601-8329-4756-a3d2-a1723b2e3478.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8a7be931-a14f-4c94-afa5-1ea79efd292a.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/86caf9cd-dd61-4140-8117-f0428bacc300.jpg) ![315 FLATBUSH Avenue #2, New York City, NY 11217 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/661da6b4-55aa-46ab-8a08-07c754cfef4b.jpg) ## Property Overview Finally, after over a decade of no commercial retail condo availability along Flatbush Avenue, opportunity knocks at 315 Flatbush Avenue. Home to a UPS franchise for two decades, this 1774 square-foot condominium, over 1000 square feet on the ground floor with over 700 square feet of basement storage, is now on the sales market after 20 years. Presently, leases along Flatbush Avenue have consistently broken through the $150 per square foot plateau. At that price, the ground floor would generate over $150,000 gross income. The UPS store would like to stay for another 5 years, at least. Their lease allows them an option of an additional 5 years, which they want to exercise, but it does not mention specific terms. What does carryover is the tenant responsibility for any RE Taxes above the rate of 2004/2005. If they are resigned at the rate of Flavor Town, a deli across the street which signed a $143 ppsf lease in 2024, then the financial picture would look like this: Gross Income: $143,000 RE Taxes: $4,667 CAM Charges Annually $12,384 Vacancy Allowance $0 Total Expenses $17,051 Net Income: $125,949 Cap Rate @ $1.65M 7.6% Not bad for a neighborhood where commercial property changes hands at a 5% cap rate. ## Property Details - **Property Type**: Condop - **Total Baths**: 2 - **Rooms**: 5 - **Stories**: 5 - **Year Built**: 1889 - **Common Charges**: $1,032 / Monthly - **Listed On**: Jun 29, 2026 - **Days on Market**: 84 Days ### Residence Features - Building Other - Building Roof Deck - Private Outdoor Space Under 60 Sqft - Washer Dryer Allowed ## Estimated Monthly Payment **$9,375 / month**, assuming a 20% down payment ($330,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $8,343 - **Common Charges**: $1,032 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $1,650,000 - **Median sold price**: $550,000 - **Difference**: +$1,100,000 (+200%) - **Comparable sales**: 5 - **Sales from**: December 2024 – April 2026 - **Middle half of those sales**: $380,000 – $599,000 Based on co-op studio sales in Prospect Heights. Square footage is recorded for only 1 of these 5 sales (20%), so no price per square foot is shown for this group. Co-op sales rarely carry a floor area, and a figure drawn from a handful of them would not describe the rest. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from Prospect Heights instead. ### How these sales were negotiated - **Sale-to-list price**: 95% (3 sales) - **Sold below asking**: 67% (3 sales) - **Typical time to find a buyer**: 126 days (3 sales) - **Typical time to close**: 108 days (4 sales) Based on co-op studio sales in Prospect Heights with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through April 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at PROSPECT VIEW](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/prospect-view) ## Property Taxes This apartment is part of a co-op that is taxed as one lot shared across 12 apartments. The corporation’s 2026 property tax bill was $115,524 for the whole building. Shareholders cover it through their monthly maintenance rather than a separate bill for this unit. [See the full property tax history for PROSPECT VIEW](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/prospect-view) [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### PROSPECT VIEW 315 FLATBUSH Avenue, Brooklyn, NY 11217 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1889 - **Active Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/prospect-view) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [2](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11217/315-flatbush-avenue-2-ny-11217) | Studio | 2 | — | — | $1,650,000 | Corcoran Group | Jun 29, 2026 | 83 days | ## Prospect Heights Overview of Prospect Heights [Explore Prospect Heights](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Prospect Heights - [Park Slope real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/park-slope) - [Clinton Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/clinton-hill) - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [Prospect Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-park) - [Gowanus real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gowanus) ## Related Links - [PROSPECT VIEW — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/prospect-view) - [Prospect Heights neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/prospect-heights) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > 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 and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.