--- title: "1970 FLATBUSH Avenue #TWNH, New York City, NY 11234" description: "1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — Marine Park, New York City, NY. Listing Price $1,499,000. In contract 7/13/2026. 8 bed, 5 bath, 3,240 sqft Illustrative Buyer Commission Share of $22,485 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11234/1970-flatbush-avenue-twnh-TWNH-ny-11234" source: "Real Estate Rebate Team" status: "Pending" --- # 1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 Marine Park, New York City, NY Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $1,499,000 - **Status**: In contract 7/13/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 8 - **Total Baths**: 5 - **Sqft**: 3,240 - **Common Charges**: $27,669 / mo - **Price per Sqft**: $463 - **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**: $1,499,000 - **Illustrative Buyer Commission Share**: -$22,485* - **Illustrative Net Cost**: $1,476,515 *Illustrative Buyer Savings of $22,485 — 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) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a8d6add2-9329-45e6-b55a-1a2439ab621f.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/59b58bfb-513c-4823-929d-8257bdcd2ab2.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/764969c1-913b-4b83-a7c7-880fefcd6333.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/e88efab5-6afa-4e55-9c9e-5d77da82f27a.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/238fc262-d544-4630-826e-92032fec5dc7.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/17ae63a4-283d-4d2d-a341-88a62b55728d.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a3c540ed-5425-4561-8135-8d877c93683e.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c3d66a7c-0e23-4a36-89fa-01cc4b14e407.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ac017923-4176-4856-b449-5e6aa6a6f418.jpg) ![1970 FLATBUSH Avenue #TWNH, New York City, NY 11234 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a09e14a7-361d-4e01-866b-1969c2670d13.jpg) ## Property Overview 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 ## Property Details - **Property Type**: Apartment - **Beds**: 8 - **Total Baths**: 5 - **Rooms**: 10 - **Sqft**: 3,240 sqft - **Stories**: 3 - **Year Built**: 1949 - **Price per Sqft**: $463 - **Common Charges**: $27,669 / Monthly - **Listed On**: May 27, 2026 - **Days on Market**: 110 Days ## Price and Property History for 1970 FLATBUSH Avenue, Unit TWNH Review the recorded listing activity for 1970 FLATBUSH Avenue, Unit TWNH, including asking-price changes and prior market dates. - **Entered contract**: July 13, 2026 | Date | Price | Listing event | | --- | --- | --- | | July 13, 2026 | $1,499,000 | Entered contract | | May 27, 2026 | $1,499,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 1970 FLATBUSH Avenue #TWNH were $27,934 in 2026, up 1.8% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $275,400 | $28,350 | $247,050 | $259,560 | $27,934 | 10.762% (estimated) | | 2025 (FY 2025/26) | $280,800 | $28,350 | $252,450 | $255,060 | $27,450 | 10.762% (estimated) | | 2024 (FY 2024/25) | $238,500 | $28,350 | $210,150 | $238,500 | $25,667 | 10.762% | | 2023 (FY 2023/24) | $215,550 | $28,350 | $187,200 | $215,550 | $22,831 | 10.592% | | 2022 (FY 2022/23) | $287,550 | $28,350 | $259,200 | $287,550 | $30,613 | 10.646% | | 2021 (FY 2021/22) | $252,900 | $28,350 | $224,550 | $252,900 | $27,199 | 10.755% | | 2020 (FY 2020/21) | $322,200 | $28,350 | $293,850 | $311,440 | $33,305 | 10.694% | | 2019 (FY 2019/20) | $339,750 | $28,350 | $311,400 | $312,960 | $32,977 | 10.537% | | 2018 (FY 2018/19) | $329,400 | $28,350 | $301,050 | $299,010 | $31,438 | 10.514% | | 2017 (FY 2017/18) | $323,550 | $28,350 | $295,200 | $289,710 | $30,460 | 10.514% | | 2016 (FY 2016/17) | $310,500 | $28,350 | $282,150 | $268,380 | $28,379 | 10.574% | | 2015 (FY 2015/16) | $286,650 | $28,350 | $258,300 | $240,750 | $25,654 | 10.656% | | 2014 (FY 2014/15) | $270,000 | $28,350 | $241,650 | $206,010 | $22,010 | 10.684% | | 2013 (FY 2013/14) | $257,850 | $28,350 | $229,500 | $177,210 | $18,293 | 10.323% | | 2012 (FY 2012/13) | $216,900 | $28,350 | $188,550 | $152,730 | $15,713 | 10.288% | | 2011 (FY 2011/12) | $172,350 | $28,350 | $144,000 | $127,170 | $12,910 | 10.152% | | 2010 (FY 2010/11) | $112,950 | $28,350 | $84,600 | $103,950 | $10,719 | 10.312% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 3078170054. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 1970 FLATBUSH Avenue 1970 FLATBUSH Avenue, Brooklyn, NY 11234 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1949 - **Total Units**: 1 - **Floors**: 3 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1970-flatbush-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [TWNH](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11234/1970-flatbush-avenue-twnh-TWNH-ny-11234) | 8 | 5 | 3,240 sqft | $463 | $1,499,000 — In contract | Corcoran Group | May 27, 2026 | 109 days | ## Estimated Monthly Payment **$35,249 / month**, assuming a 20% down payment ($299,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,580 - **Common Charges**: $27,669 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Marine Park Overview of Marine Park [Explore Marine Park](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/marine-park) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Marine Park - [Gerritsen Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/gerritsen-beach) - [Plum Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/plum-beach) - [Mill Basin real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/mill-basin) - [Floyd Bennett Field real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/floyd-bennett-field) - [Sheepshead Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/sheepshead-bay) - [Bergen Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bergen-beach) ## Related Links - [1970 FLATBUSH Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/1970-flatbush-avenue) - [Marine Park neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/marine-park) - [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.