1742 Flatbush Ave Brooklyn, NY 11210
Flatlands NeighborhoodEstimated payment $5,244/month
Highlights
- Wood Flooring
- Hot Water Heating System
- 5-minute walk to Amersfort Park
- P.S. 193 Gil Hodges Rated A-
- Back Yard
About This Home
Welcome to this well-positioned mixed-use investment property in the Flatlands. This attached building, situated on an 18 x 72 foot lot with building size of 18 x 55 foot footprint, is perfectly configured with a grocery store occupying the first floor and basement, and a two-bedroom apartment on the second floor. The commercial space provides stable income with a current monthly rent of $3,100 and one year remaining on its lease, while the residential unit offers flexibility and upside with a month-to-month tenancy at $1,700 per month. Zoned R5 with a C2-2 overlay, the property is ideally permitted for its current use. Its excellent location is highlighted by being just two blocks from Kings Highway. With annual gross income of $57,600 and a low annual tax bill of only $3,189, this asset represents a strong cash-flowing opportunity.
Listing Agent
RE/MAX Real Estate Professionals License #10401235357 Listed on: 11/19/2025
Property Details
Property Type
- Other
Est. Annual Taxes
- $3,189
Year Built
- Built in 1920
Lot Details
- 1,295 Sq Ft Lot
- Lot Dimensions are 72 x 18
- Back Yard
- Property is zoned R5
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 1,980 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- Insurance Expense $2,700
- Gross Income $57,600
Listing and Financial Details
- Tax Block 7598
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,827 | $54,060 | $11,700 | $42,360 |
| 2024 | $2,827 | $46,740 | $11,700 | $35,040 |
| 2023 | $2,427 | $43,440 | $11,700 | $31,740 |
| 2022 | $1,887 | $41,460 | $11,700 | $29,760 |
| 2021 | $2,139 | $35,760 | $11,700 | $24,060 |
| 2020 | $943 | $38,040 | $11,700 | $26,340 |
| 2019 | $1,885 | $38,040 | $11,700 | $26,340 |
| 2018 | $2,039 | $29,084 | $10,002 | $19,082 |
| 2017 | $2,062 | $27,438 | $10,114 | $17,324 |
| 2016 | $2,288 | $25,885 | $11,446 | $14,439 |
| 2015 | $961 | $24,420 | $11,700 | $12,720 |
| 2014 | $961 | $24,420 | $11,700 | $12,720 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | For Sale | $950,000 | -- | $480 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $659,800 | -- | |
| Deed | $659,800 | -- | |
| Foreclosure Deed | -- | -- | |
| Foreclosure Deed | -- | -- | |
| Deed | $157,000 | Commonwealth Land Title Ins | |
| Deed | $136,000 | Ticor Title Guarantee Compan | |
| Deed | $157,000 | Commonwealth Land Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $345,000 | Commercial | |
| Closed | $345,000 | Commercial | |
| Previous Owner | $172,700 | FHA |
Source: Brooklyn Board of REALTORS®
MLS Number: 497443
APN: 07598-0037
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