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In contract
  • $1,888,888

    69 Martense St, Brooklyn, NY 11226

    6beds
    2,660sqft
    Loading
    Multi Family
    Built in 1930
    -- sqft lot
    $1,840,600 Zestimate®
    $710/sqft
    $-- HOA

    What's special

    Introducing 67-69 Martense Street, an exceptional opportunity for investors, developers, and primary users alike in the heart of Brooklyn’s vibrant Flatbush section. This massive, fully detached two-family residence sits on an expansive 29.92 ft x 139.58 ft lot, totaling 4,176 square feet. The property currently features a substantial 22x55 building footprint across 2,660 square feet of living space, but its true allure lies in the future. Zoned R7a with a 4.0 Floor Area Ratio (FAR), this site offers a remarkable 16,704 buildable square feet, providing a premier canvas for a significant residential development project in one of the borough's most sought-after growth corridors. The existing residence is thoughtfully configured with two spacious, sun-drenched apartments. Each unit provides a classic, airy layout consisting of three generous bedrooms, a formal living room, a separate dining room, a full bathroom, and a windowed eat-in kitchen. The versatility continues in the semi-finished basement (with separate entrance), which houses a dedicated laundry room and an expansive recreation space perfect for a home office, gym, or additional storage. Whether you choose to collect premium rental income while planning your development or reside in one unit while the other pays the mortgage, the bones of this detached home offer unparalleled flexibility. Located in a quintessential Brooklyn neighborhood, this property puts you at the center of a rich cultural and recreational landscape. You are just a short stroll from the lush greenery of Prospect Park, the Brooklyn Botanic Garden, and the historic Kings Theatre. The area is a culinary destination, featuring local favorites like Midwood Flats and a diverse array of international eateries along Flatbush and Church Avenues. Commuting is effortless with a "Rider’s Paradise" transit rating. You are minutes from the 2 and 5 express trains at Church Avenue and the B and Q lines, offering a swift and reliable connection to Downtown Brooklyn and Manhattan. Additional local transit options include the B35, B41, and B44 bus lines, ensuring every corner of the city is within reach. Do not miss this chance to secure a massive footprint with significant "as-of-right" development upside in the heart of Brooklyn. Please note that this is an Estate Sale and the final closing is subject to the issuance of Letters from the Surrogate’s Court. All prospective buyers and real estate agents are strictly advised to perform their own independent due diligence regarding square footage, lot dimensions, zoning requirements, and any potential development or "as-of-right" buildable square footage. All information provided is for informational purposes only and is not guaranteed; buyers should consult with their own architects and legal counsel to verify all property details and development feasibility.
    169 days
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    51
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Mitra Hakimi Realty Group, LLC 718-268-5588,

    Etan Hakimi

    Source: StreetEasy,MLS#: S1808057

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 2
      • Full bathrooms: 2
      Features
      • Flooring: Hardwood
      Interior area
      • Total structure area: 2,660
      • Total interior livable area: 2,660 sqft

      Property

      Parking
      • Parking features: Garage
      • Has garage: Yes
      Details
      • Parcel number: 050860058
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1930

      Community & HOA

      Community
      • Subdivision: Flatbush
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $710/sqft
      • Tax assessed value: $1,867,000
      • Annual tax amount: $849,396
      • Date on market: 1/25/2026

        Estimated market value

        $1,840,600

        $1.75M - $1.93M

        $3,132/mo

        Price history

        DateEventPrice
        3/19/2026Contingent$1,888,888$710/sqft
        Source: StreetEasy #S1808057 Report a problem
        3/19/2026Pending sale$1,888,888$710/sqft
        Source: OneKey® MLS as distributed by MLS GRID #955280 Report a problem
        1/25/2026Listed for sale$1,888,888$710/sqft
        Source: OneKey® MLS as distributed by MLS GRID #955280 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$8,492 +3.6%$112,020 -15%
        2024$8,196 $131,760 +3.7%
        2023-- $127,020 -8.7%
        2022-- $139,140 +22.2%
        2021-- $113,880 -8.7%
        2020$7,253 +5.1%$124,740
        2019$6,902 -3%$124,740 +266.8%
        2018$7,114 +4.5%$34,006 +1.8%
        2017$6,807 +16.2%$33,393 +6%
        2016$5,857 $31,503 +6%
        2015$5,857 +63.6%$29,721 +4.9%
        2014$3,580 $28,339
        2013-- $28,339 +1.8%
        2012-- $27,828 +6%
        2011-- $26,253 +6%
        2010-- $24,768 +4.9%
        2009-- $23,616
        2008-- $23,616 +1.8%
        2007-- $23,190 +6%
        2006-- $21,878 +6%
        2005-- $20,640 +4.9%
        2004-- $19,680
        2003-- $19,680 +1.8%
        2002-- $19,325 +6%
        2001-- $18,232 +6%
        2000-- $17,200
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Flatbush

        Getting around

        98 / 100
        Walker's Paradise
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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