--- title: "1970 FLATBUSH Avenue #TWNH, Brooklyn, NY 11234" description: "1970 FLATBUSH Avenue #TWNH, Brooklyn, NY 11234 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,499,000. Est. potential buyer savings up to $37,475 (subject to buyer-broker compensation received, lender approval, and applicable law)." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11234/1970-flatbush-avenue-twnh-TWNH-ny-11234" source: "Real Estate Rebate Team" --- # 1970 FLATBUSH Avenue #TWNH, Brooklyn, NY 11234 > **Listing Courtesy of:** Corcoran Group ## 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 ## Property Details - **Price**: $1,499,000 - **Potential Buyer Rebate**: $37,475 - **Bedrooms**: 8 - **Bathrooms**: 4 full, 1 half - **Living Area**: 3,240 sqft - **Property Type**: Residential - **Year Built**: 1949 - **Building**: 1970 FLATBUSH Avenue - **Neighbourhood**: Marine Park - **Area / Borough**: Brooklyn - **Subdivision**: Marine Park - **Listing Office**: Corcoran Group - **State**: NY ## Estimated Potential Buyer Savings Real Estate Rebate Team estimates potential buyer savings of up to **$37,475** at closing. *Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.* ## Related Links - [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/1970-flatbush-avenue) - [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/marine-park) - [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact) --- > This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. > 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.