Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
1452 FLATBUSH Avenue

For Sale · Listing by Corcoran Group

1452 FLATBUSH Avenue

Flatbush, Brooklyn

$1,475,000

Interested in this property?
Active For Sale • Mixed Use

$1,475,000

$421 per sq ft

1452 FLATBUSH Avenue

Flatbush, Brooklyn

MLS® #RLS20118608

RLS at REBNY

Listing by Corcoran Group

6
Bedrooms
2.5
Baths
3,500
Sq. Ft.
1933
Year Built

Quick Summary

Bedrooms 6
Bathrooms 3 full, 2 half
Living Area 3,500 sq ft
Lot Size 2,000 sq ft
Year Built 1933
Ownership None
Property Taxes $310,116/yr
Neighborhood Flatbush
Floor 1 of 3

Property Highlights

  • Views: Other
  • Outdoor Space: Terrace
  • Climate Control: Other

Property Details

Type Mixed Use
Ownership None
Total Rooms 15
Baths 2 Full, 2 Half
Floor 1 of 3
View Other
Cooling Other
Pets Yes
Year Built 1933
Living Area 3,500 sq ft
Structure Type MixedUse
Basement Other
Lot Size 2,000 sq ft
Parcel # 05249-0055
Block/Lot 05249/0055

Listing History

Event Date Price Change
Listed Oct 1, 2026 $1,475,000 -
Currently Oct 1, 2026 $1,475,000 -

Description

The Forray Team at The Corcoran Group is pleased to exclusively present 1452 Flatbush Avenue, a well-positioned mixed-use building offering dependable income and long-term upside in Brooklyn's Midwood/Flatbush section, at the historic Flatbush-Nostrand Junction. Sitting directly on one of Brooklyn's busiest retail corridors and moments from Brooklyn College, the property presents a compelling opportunity for investors, developers, and end-users seeking a stable, high-visibility asset in one of the borough's most heavily trafficked commercial nodes. The property comprises approximately 3,500 gross square feet above grade, situated on a 20' 100' lot totaling approximately 2,000 square feet.Zoned R7A with a C2-4 commercial overlay, the asset carries a 4.0 FAR against a current FAR of just 1.75 , leaving approximately 4,500 square feet of unused buildable area - a total buildable envelope of 8,000 square feet - and meaningful room for future expansion or repositioning. Annual real estate taxes run approximately $ 25,843 under Tax Class 4. The building is configured as two residential rental units over a ground-floor retail storefront: a 3-bedroom, 1-bathroom unit over a 3-bedroom, 1-bathroom unit, above an approximately 1,300-square-foot commercial space. The store level includes a full cellar for storage, direct access to a rear outdoor space, and two half-bathrooms, giving a future retail, office, or service tenant real flexibility. This configuration offers strong income-producing capability while suiting an owner-occupant seeking supplemental rental income, a long-term investor targeting Flatbush's deep and stable rental demand, or a buyer exploring a value-add or repositioning strategy. Currently offered at a 6.87% pro-forma cap rate. Ideally situated at the Flatbush- Nostrand Junction - anchored by Brooklyn College and the 250-business Flatbush- Nostrand Junction Business Improvement District - 1452 Flatbush Avenue places tenants and occupants within immediate reach of the neighborhood's shopping, dining, and civic life. The property carries a 96 Walk Score ("Walker's Paradise") and a 100 Transit Score ("Rider's Paradise"), among the strongest transit profiles in Brooklyn. The 2 and 5 subway lines are reachable via a station entrance at Nostrand and Flatbush Avenues roughly 0.2 miles away, and the B41 local and B103 limited-stop buses run directly along Flatbush Avenue, providing fast, direct connections throughout Brooklyn and into Manhattan. Whether pursuing a cash-flowing mixed-use investment, an owner-occupied opportunity with income offset, or a longer-term play on the property's unused FAR, 1452 Flatbush Avenue offers a rare combination of stable income, zoning upside, and premier positioning at one of Brooklyn's busiest commercial crossroads.

Features & Amenities

Interior Features

Smoke Free Storage In Unit

Exterior Features

Private Outdoor Space Over60 Sqft Terrace

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 3
Structure MixedUse

Financial Details

RE Taxes $310,116/yr ($25,843/mo)

Flatbush features one of Brooklyn's most varied housing stocks, including grand detached Victorians along Ocean Avenue, limestone and brownstone rowhouses, prewar apartment buildings, and brick townhomes within landmarked districts like Prospect Park South and Ditmas Park. The Q, 2, and 5 trains connect the neighborhood to Manhattan, while Prospect Park's 526 acres of green space border the northern edge. The restored Kings Theatre, a 1920s-era landmark performance venue, and Erasmus Hall High School, founded in 1786, are among the area's most notable architectural features.

Flatbush Live Market Data

View Neighborhood

Active Listings

54

Median Asking Price

$562K

Median $/Sqft

$725

Avg Days on Market

N/A

New This Week

5

Price Reduced

37%

Sold (30 Days)

7

Median Sale Price

$432K

Live data from RLS at REBNY • Updated 10/1/26, 5:28 PM EST

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Location

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1452 FLATBUSH Avenue, Flatbush, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1933
Year Built
93 years old
3
Floors
R7A
Zoning District

Tax & Assessment

Assessed Value: $249,750
Land Value: $49,500
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,000 SF
Building Area: 3,300 SF
Built FAR: 1.65
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $310,116, or roughly $25,843 per month. Verify the current assessment with your attorney before closing.

This property has 6 bedrooms and 2 full bathrooms and 2 half bathrooms.

The listed interior living area is 3,500 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1933, making it approximately 93 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $1,475,000 for 3,500 sq ft, the asking price per square foot is approximately $421. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20118608
First Listed: 10/1/2026
On Market: 10/1/2026
Price Changed: 10/1/2026
Contract Date: 10/1/2026

Listing Courtesy of Corcoran Group - Mike Laurent

Listing Contact: (516) 849-3129

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 10/1/2026 at 9:28 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Flatbush Market Update

7 sales last 30 days · $562K median · 7.7 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Mixed Use Neighborhood Flatbush Borough Brooklyn
County Kings
Floor 1 of 3
Year Built 1933
First Listed 10/1/2026
Living Area 3,500 sqft
Annual Tax $310,116

Monthly Costs Estimate

Down Payment 20%

$295,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $25,843
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $1M to $1,999,999 at 1.00%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$14,750

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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