Seller's Agent in 2023
Justin Martinez
Corcoran Group
(718) 594-5187
1 in this area
44 Total Sales
Estimated Value: $1,265,442
Introducing an Outstanding Investment Opportunity on 1842 Flatbush Ave!
This remarkable property presents an exceptional investment opportunity in a prime location. Nestled on the border of Flatlands and Midwood, this mixed-use building boasts a commercial store and a charming family residence, complete with a private driveway and two convenient parking spaces. Positioned in a bustling, high-traffic area on Flatbush Ave, this property guarantees excellent visibility and accessibility.
The commercial store features a prominent street entrance on Flatbush Ave, providing unparalleled exposure for any business. The commercial space is currently in a pristine, white-boxed state, offering a blank canvas for customization according to your business needs. Additionally, a cellar downstairs offers ample space for storage or potential expansion.
The private 3-bed, 2-bath residence situated upstairs, providing a haven of comfort and convenience. This home has a dedicated parking area exclusively for residents, accompanied by a private entrance from East 37th St. This provides enhanced privacy and ease of access to the unit. Inside, the residence boasts a thoughtfully designed layout, featuring modern amenities and stylish finishes. The inclusion of a washer and dryer within the unit adds a remarkable level of convenience, kitchen showcases updated appliances, and hardwood floors throughout the unit. This residential unit offers an array of desirable features, ensuring a seamless move-in experience.
Nestled in the vibrant neighborhood of Flatland in Brooklyn, 1842 Flatbush Ave offers a truly dynamic living experience. This prime location places residents in the heart of a bustling community, brimming with a myriad of amenities and conveniences. The neighborhood boasts a diverse selection of shops, restaurants, and cafes along Flatbush Avenue, providing endless options for dining, entertainment, and retail therapy. The nearby presence of major roads and highways ensures seamless connectivity to other parts of Brooklyn and beyond, making commuting a breeze with the 2 Train & B41Bus.
Don't miss out on this exceptional investment opportunity! Whether you're an entrepreneur looking to establish a thriving business or an investor seeking a lucrative property, this mixed-use building on 1842 Flatbush Ave is a must-see. Take advantage of the prime location, renovated units, and the potential for substantial returns. Contact us today to arrange a viewing and secure your future in this remarkable property!
Last Agent to Sell the Property
Corcoran Group License #10401225096 Listed on: 06/14/2023
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1842 Flatbush Ave Llc | $1,150,000 | -- | |
| 1842 Flatbush Ave Llc | $1,150,000 | -- | |
| Wz 1842 Llc | $435,000 | -- | |
| Wz 1842 Llc | $435,000 | -- | |
| Wang Thomas Xinyan | -- | -- | |
| Wang Thomas Xinyan | -- | -- | |
| Chu Jun Ren As Trustee | -- | -- | |
| Chu Jun Ren As Trustee | -- | -- | |
| Wang Jian Sheng | -- | -- | |
| Wang Jian Sheng | -- | -- | |
| Wang Jian Sheng | $145,000 | -- | |
| Wang Jian Sheng | $145,000 | -- | |
| Cannella Sarafina | -- | -- | |
| Cannella Sarafina | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wang Jian Sheng | $80,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/29/2023 11/29/23 | Sold | $1,150,000 | -14.8% | $523 / Sq Ft | |
| 08/08/2023 08/08/23 | Pending | -- | -- | -- | |
| 06/14/2023 06/14/23 | For Sale | $1,350,000 | +210.3% | $614 / Sq Ft | |
| 09/12/2022 09/12/22 | Sold | $435,000 | -- | $198 / Sq Ft | View Prior Sale |
| 06/01/2022 06/01/22 | Pending | -- | -- | -- |
| 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 | $5,077 | $48,420 | $9,060 | $39,360 |
| 2024 | $5,077 | $44,880 | $9,060 | $35,820 |
| 2023 | $4,843 | $51,060 | $9,060 | $42,000 |
| 2022 | $4,461 | $25,080 | $9,060 | $16,020 |
| 2021 | $4,807 | $35,760 | $9,060 | $26,700 |
| 2020 | $4,807 | $37,500 | $9,060 | $28,440 |
| 2019 | $4,406 | $37,500 | $9,060 | $28,440 |
| 2018 | $4,051 | $19,872 | $5,759 | $14,113 |
| 2017 | $4,007 | $19,656 | $6,107 | $13,549 |
| 2016 | $3,826 | $19,140 | $6,072 | $13,068 |
| 2015 | $2,017 | $18,057 | $6,868 | $11,189 |
| 2014 | $2,017 | $17,553 | $8,007 | $9,546 |
Seller's Agent in 2023
Justin Martinez
Corcoran Group
(718) 594-5187
1 in this area
44 Total Sales
Seller's Agent in 2022
Kelly Wu
RE/MAX
(917) 345-6368
5 in this area
214 Total Sales
J
Buyer's Agent in 2022
Jimmy Lu
RE/MAX
(929) 238-8888
4 in this area
57 Total Sales
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS10946829
APN: 07637-0036