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Investment Highlights

  • High-cash-flow mixed-use investment
  • Ground-floor storefront with basement access
  • Flexible commercial use potential
  • Diversified residential and commercial income
  • Heavy foot and vehicle traffic
  • Investor or owner-user opportunity

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,240 SF
Building Class
C
Year Built
1949
Price
$2,065,832 CAD
Price Per SF
$637.60 CAD
Cap Rate
8.86%
NOI
$183,023 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
1.86
Lot Size
0.04 AC
Zoning
R5 - Medium density district with a height limit of 40 feet
Frontage
20’ on Flatbush Avenue

About 1970 FLATBUSH AVE , BROOKLYN, NY 11234

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. Potential commercial uses include retail, office, medical, wellness, specialty food, café, beauty, boutique fitness, and other neighborhood-serving concepts. 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: • 3 Bedrooms / 2 Bathrooms • Spacious front living room with en-suite bath • Additional full bathroom off kitchen Third Floor: • 3 Bedrooms / 1 Bathroom Commercial Potential: 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

Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100

Nearby Major Retailers

Starbucks
Chase Bank
Apple Bank
TD Bank
Fit Body Boot Camp
Key Food
Toyota
Buffalo Wild Wings
Applebee's
Met Foodmarkets

Property Taxes

Property Taxes

Parcel Number
07817-0054
Land Assessment
$39,070 CAD
Improvements Assessment
$340,469 CAD
Total Assessment
$379,540 CAD
  • Listing ID: 40714110

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 1970 Flatbush Ave, Brooklyn, NY 11234

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