7 days on Rocket
$10,000 Closing Credit¹
#832015, Listing Office: Top Homes Realty Inc
$1,594,000 List price
1197 Flatbush Ave Brooklyn, NY 11226
$10,000
Closing credit¹
0 beds
Multi-Family
Property details
About 1197 Flatbush Ave
Don't miss this chance to own a property in the vibrant Flatbush neighborhood! Ideal for investors or first-time buyers, this property offers exceptional potential in a sought-after Brooklyn location. 1197 Flatbush Ave, Brooklyn NY 11226 is a prime location situated on bustling Flatbush Ave with high visibility and foot traffic. This property has endless possibilities, perfect for rental income, retail use, or future development. Take advantage of this rare opportunity to invest in one of Brooklyn's hottest markets. Whether you are looking to grow your portfolio or secure your first property, this is the deal for you. Owner financing available. Don't miss the opportunity to make this property yours! income Producing Mix-Use For Sale! Opportunity is knocking! Call today for your private tour of this centrally located mix-use property. Located in one of Brooklyn's busiest corridors. 1197 Flatbush Ave, offers 2 spacious residential units, and an established storefront located on the first floor. (Total annual rental income $90,600 + tenants pays 50% taxes.) the opportunities are endless and the expenses are limited! Close to stores, supermarkets, high volume of foot traffic. B41 Bus route , Trains "B" and "Q"
Highlights
Home typeTriplex
HeatingOther
StatusActive
Year built1910
ParkingOn Street
MLS #L3550171
Summary
- MLS Number: L3550171
- MLS Name: ONEKEY2
- Office Name: GMA Enterprise
- Office Phone: (718) 322-4030
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/13/2025, 11:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,594,000
1197 Flatbush Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 05, 2013 | Home Sold | $475,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $96,660 | $11,509 |
| 2023 | $90,660 | $10,857 |
| 2021 | $161,100 | $34,456 |
| 2019 | $204,300 | $19,184 |
| 2018 | $175,950 | $8,726 |
| 2017 | $172,350 | $5,677 |
History based on county public records data.
Nearby schools
7
P.S. 245 Brooklyn
Public Magnet 1-5
0.4 mi
•249 E 17th St
3
P.S. 361 East Flatbush Early Childhood School
Public District KG-2
0.5 mi
•1957 Nostrand Ave
6
P.S. 139 Alexine A. Fenty School
Public District PK-5
0.5 mi
•330 Rugby Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,275. Residents of Brooklyn, NY typically earn less than $<35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
62%
<35k
26%
35k-100k
7%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
51%
Single, No Kids
20%
Single, with Kids
14%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
29%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 1197 Flatbush Ave in Brooklyn, NY and zip code 11226 in the Flatbush neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since May 8, 2024 and is currently priced at $1,594,000.
Over 41 listings were sold over their listed price in February 2025 in Brooklyn, NY. In the same period over 158 listings were sold below the listed price and 162 listings were sold for the listed price. The number of listings in Brooklyn, NY decreased by 3% between January and February 2025. While the average time on the market in February 2025 was 132 days, the median list price was $995,000.
From Rocket Homes Real Estate and based on county public records data.