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$3,200,000 Just Listed
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Property Description
Presenting our latest exclusive at the newly built 950 Flatbush Avenue, a rare mixed-use investment opportunity located in one of Brooklyn's busiest and most established commercial corridors. This well-maintained property features five residential units plus one established retail store FREE MARKET, offering strong in-place income and long-term upside. Property Highlights Lot Size: 20' x 113.67' Building Size: 20' x 55' Zoning: R7A / C4-4A (R7A Equivalent) Stories: 3 Basement: Full walk-out basement Asking Price: $3,200,000 Residential Configuration 1 Studio Garden Apartment 2 One-Bedroom Apartments 2 Two-Bedroom Apartments Commercial Component The ground-floor retail space is leased to Carvel, a nationally recognized ice cream brand, generating $7,000 per month in rental income from a stable commercial tenant. Moving in next month. Investment Potential Situated on high-traffic Flatbush Avenue, this property offers investors a compelling combination of: Strong current cash flow Creditworthy retail tenancy Desirable residential unit mix Finished basement for additional utility Valuable mixed-use zoning with potential for future development Location Positioned in the vibrant Flatbush neighborhood of Brooklyn, the property benefits from excellent foot traffic, public transportation access, and close proximity to shopping, dining, and neighborhood amenities. This is an outstanding opportunity to acquire a turnkey mixed-use asset in one of Brooklyn's most dynamic and consistently performing investment markets.
Full Property Details
Full Property Details for 950 Flatbush Ave
General
- Price: $3,200,000
- Taxes: $36,848
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1001068
- Updated: 5/18/2026
- Added to Site: 1 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
School Information
- High School District: Brooklyn 22
Heating & Cooling
- Cooling Type: Electric
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Connected
Structural Information
- Detached/Attached: Attached
- Construction: Other
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 4756
- Square Feet: 4,756
- Year Built: 1915
Lot Features
- Lot Size (Acres): 0.0522
- Lot Size (Sq. Ft.): 2,273
- Zoning: C4-4A
Financial Considerations
- Tax Amount: $36,848.06
Disclosures and Reports
- Special Conditions: None
- Property ID: 05102-0047
Listed by 5 Boro Realty Corp
Get Pre-Approved Today
Schools
Schools serving 950 Flatbush Ave
School District:New York City Geographic School District 22
| Name | Grades | Distance |
|---|---|---|
Ps 139 Alexine A Fenty 330 Rugby Road, Brooklyn, NY 11226 | PK-K | 0.6 mi |
Ms 246 Walt Whitman 72 Veronica Place, Brooklyn, NY 11226 | 6-8 | 0.3 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 950 Flatbush Ave
Date
Details
Price
Change
Source
5/18/2026
Listed
$3,200,000
220%
MLS
6/30/2014
Sold
$1,000,000
—
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 950 Flatbush Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,211
—
$337,950
14%
2025
$37,211
32%
$297,690
12%
2024
$28,122
-23%
$265,500
-23%
2023
$36,558
4%
$345,150
4%
2022
$35,164
-44%
$330,300
13%
2021
$62,752
60%
$293,400
-23%
2020
$39,134
3%
$378,900
—
2019
$38,164
6%
$378,900
1%
2017
$35,933
—
$374,850
2%
2017
$35,933
-5%
$367,200
—
2016
$37,790
3907%
$367,650
4%
2015
$943
-97%
$354,600
12%
2014
$33,015
—
$316,800
-5%
2014
$33,015
—
$334,800
—
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 950 Flatbush Ave
950 Flatbush Avenue, Brooklyn, NY 11226 (MLS# 1001068) is a Commercial property. 950 Flatbush Avenue is currently listed for $3,200,000 and was received on May 18, 2026. Want to learn more about 950 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.

