1690 Flatbush Avenue 6
$1,295,000
MLS# RLS20122737 · Midwood
Listed August 14, 2026 · 73 days on the market
6 Beds 2 Baths
About This Property
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
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Cats and dogs allowed
Building amenities
Services and facilities
- Laundry in building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$6,548 / month
- Principal and interest$6,548
Due at closing
- Down payment (20%)$259,000
- NYS “mansion tax” (1%)$12,950
- Mortgage recording tax (1.925%)$19,943
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
Gallery
Property Photos
Listing Courtesy of Keller Williams NYC
This 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.