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Listing Courtesy of Keller Williams NYC
$1,295,000
Est. payment /mo
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Midwood
MLS Listing ID RLS20122737
Bedrooms 6
Full Baths 2
HOA Y/N Yes
Year Built 1920
Property Sub-Type Multi Family
Property Description
Keller Williams NYC is pleased to present 1690 Flatbush Ave, a well-located mixed-use building on one of Brooklyn's most heavily trafficked commercial corridors.
Set in the Midwood/Flatlands section between Avenue I and East 34th Street, the property combines a leased ground-floor retail unit with two residential apartments, giving a buyer three distinct paths to build value in a single acquisition.
The offering is anchored by a stable, income-producing commercial tenant and a below-market residential units with room to grow.
Ownership has carried out a meaningful round of building-wide upgrades in recent years — from mechanical systems to the roof — which should ease the capital burden on a new owner in the near term.
The location itself is a core part of the story: steady foot traffic, proximity to Brooklyn College, and easy access to the Junction shopping district and area bus lines all support durable retail and residential demand.
It's a fit for a range of buyers — a value-add investor drawn to the rent upside, a 1031 exchange buyer seeking a manageable Brooklyn asset, or an owner-user planning to live in one unit while the building's other income covers the carry.
Please email to schedule a tour and download an Offering Memorandum.
Investment highlights
3 Total Units | 2 Free Market Residential Apts
Occupied ground-floor commercial storefront generating $5,000/month ($60,000/year)
The owner-occupied unit can be delivered vacant — renovate, occupy, or lease at market
Extensive recent capital improvements (roof, boiler room, gas heater, water heater, chimney liner) reduce near-term capex risk
High-visibility Flatbush Avenue corridor near Brooklyn College and the Junction retail hub
Set in the Midwood/Flatlands section between Avenue I and East 34th Street, the property combines a leased ground-floor retail unit with two residential apartments, giving a buyer three distinct paths to build value in a single acquisition.
The offering is anchored by a stable, income-producing commercial tenant and a below-market residential units with room to grow.
Ownership has carried out a meaningful round of building-wide upgrades in recent years — from mechanical systems to the roof — which should ease the capital burden on a new owner in the near term.
The location itself is a core part of the story: steady foot traffic, proximity to Brooklyn College, and easy access to the Junction shopping district and area bus lines all support durable retail and residential demand.
It's a fit for a range of buyers — a value-add investor drawn to the rent upside, a 1031 exchange buyer seeking a manageable Brooklyn asset, or an owner-user planning to live in one unit while the building's other income covers the carry.
Please email to schedule a tour and download an Offering Memorandum.
Investment highlights
3 Total Units | 2 Free Market Residential Apts
Occupied ground-floor commercial storefront generating $5,000/month ($60,000/year)
The owner-occupied unit can be delivered vacant — renovate, occupy, or lease at market
Extensive recent capital improvements (roof, boiler room, gas heater, water heater, chimney liner) reduce near-term capex risk
High-visibility Flatbush Avenue corridor near Brooklyn College and the Junction retail hub
Location
Interior
Fireplace No
Laundry Building In Basement, In Basement
Exterior
View Y/N No
Present Use Mixed Use
Private Pool No
Building
Dwelling Type Multi Family,Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 07597-0045
Ownership None
Pets Allowed Building Cats OK, Building Dogs OK, Cats OK, Dogs OK
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RLS Data display by eXp Realty
NEARBY SCHOOL & BUSINESS
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Lee Presser
Broker Associate License ID: 30PR0988167
Broker Associate License ID: 30PR0988167