7 months on rocket

1197 Flatbush Ave, Brooklyn, NY, 11226

$1,594,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1197 Flatbush Ave, Brooklyn$1,594,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1910
HeatingOther
CoolingNone
MLS #L3550171
StatusActive

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"

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: GMA Enterprise
  • Office Phone: (718) 322-4030

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Near Public Transit

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: Google maps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,594,000

Tax Information:

  • Annual Amount: $19,185
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

Map thumbnail provided by MapBox

Brooklyn, NY

City

Med. Sold Price

$979.9K

Med. Price/SqFt

$701

Avg. Days On Market

111

# of Sold Homes

385

1197 Flatbush Ave vs Brooklyn

223 DAYS ON ROCKET

+112 Days

$1,594,000

+$614K More

KEY TAKEAWAY

This property is $614K more than the Median Sold Price in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY2
  • MLS Number: #L3550171

Listing Office:

  • Office Name: GMA Enterprise
  • Office Phone: (718) 322-4030

IDX 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.

IDXThe 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 2024, 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: 12/17/2024, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 05, 2013Home Sold
$475,000

Tax History

YEARPROP. TAXASSESSMENT
2020$19,185$204,300
2019$19,184$204,300
2018$8,727$175,950
2017$5,678$172,350

History based on county public records data.

Payment Calculator

$8,023

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,845

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4266586
7
/10

  • P.S. 245 Brooklyn

  • 249 E 17th St

  • 0.45 miles

  • Public Magnet Grades 1-5

school-card-donut-4266587
3
/10

  • P.S. 361 East Flatbush Early Childhood School

  • 1957 Nostrand Ave

  • 0.47 miles

  • Public District Grades KG-2

school-card-donut-4266588
6
/10

  • P.S. 139 Alexine A. Fenty School

  • 330 Rugby Rd

  • 0.52 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,275. The majority of Brooklyn, NY residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11226›1197 Flatbush Ave

This home is located at 1197 Flatbush Ave in Brooklyn, NY and zip code 11226 in the Flatbush neighborhood. This home was built in 1910. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $1,594,000.

Brooklyn, NY housing market in November 2024 saw over 28 listings sold above listed price, more than 196 sold at listed price and over 161 sold below. The number of homes for sale in Brooklyn, NY decreased by 10.5% between October 2024 and November 2024. In November 2024 median list price was $979,913 and the average listing age was 111 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources