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$2,988,000
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Property Description
1135 Flatbush Avenue, Brooklyn, NY Corner Lot | 3 Commercial Spaces | 4 Residential Apartments | 4,000 sqft Extra Buildable Prime Mixed-Use Investment Opportunity 1135 Flatbush Avenue presents a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most active commercial corridors. Situated on a 2,110 SF corner lot with excellent visibility, the property benefits from strong residential and retail demand, making it ideal for both investors and developers. Property Highlights Corner mixed-use property on Flatbush Avenue Lot Size: 2,110 SF Building Size: 4,410 SF Zoning: R7A / C2-4 Current FAR: 2.09 Maximum Buildable Area: 8,440 SF Additional Buildable Area Available: 4,030 SF Southeast corner exposure Strong retail frontage and residential rental income Annual Property Taxes: $31,892 Investment Opportunity With over 4,000 SF of unused development rights, investors have the opportunity to expand the existing structure and unlock substantial additional value. The property's location along the Flatbush Avenue corridor offers excellent transportation access, high pedestrian traffic, and long-term appreciation potential.
Full Property Details
Full Property Details for 1135 Flatbush Ave
General
- Price: $2,988,000
- Taxes: $31,735
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1011794
- Updated: 6/10/2026
- Added to Site: 75 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 14
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas, Other
Utilities
- Sewer: Public Sewer
- Water: Other
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Other
- Basement: Yes
- Basement Desc.: Partially Finished
- Building Size: 4410
- Square Feet: 4,410
- Year Built: 1933
Lot Features
- Lot Size (Acres): 0.0484
- Lot Size (Sq. Ft.): 2,108
- Zoning: R7A
Financial Considerations
- Tax Amount: $31,735.36
Disclosures and Reports
- Special Conditions: None
- Property ID: 05187-0011
Listed by 5 Boro Realty Corp
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Schools
Schools serving 1135 Flatbush Ave
School District:New York City Geographic School District 22
| Name | Grades | Distance |
|---|---|---|
Ps 361 East Flatbush Early Childhood School 1957 Nostrand Avenue, Brooklyn, NY 11210 | K-2 | 0.6 mi |
Ps 269 Nostrand 1957 Nostrand Avenue, Brooklyn, NY 11210 | 3-5 | 0.6 mi |
Ms 246 Walt Whitman 72 Veronica Place, Brooklyn, NY 11226 | 6-8 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1135 Flatbush Ave
Date
Details
Price
Change
Source
6/10/2026
Listed
$2,988,000
89.11%
MLS
8/10/2015
Sold
$1,580,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1135 Flatbush Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$32,048
—
$295,650
15%
2025
$32,048
3%
$256,385
-24%
2024
$31,059
8%
$337,680
-20%
2023
$28,758
10%
$422,100
20%
2022
$26,128
8%
$351,900
8%
2021
$24,193
-2%
$324,450
-9%
2020
$24,599
3%
$355,950
-1%
2019
$23,836
14%
$359,100
103%
2017
$20,839
—
$176,945
8%
2017
$20,839
7%
$163,840
8%
2016
$19,558
—
$151,707
—
2015
$19,544
3%
$151,707
3%
2015
$18,897
14%
$147,000
8%
2013
$16,639
—
$136,112
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1135 Flatbush Ave
1135 Flatbush Avenue, Brooklyn, NY 11226 (MLS# 1011794) is a Commercial property. 1135 Flatbush Avenue is currently listed for $2,988,000 and was received on June 10, 2026. Want to learn more about 1135 Flatbush Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

