10560 Flatlands 2nd Street
About This Property
This spacious 2,000 sq ft single-family home, built in 1960, offers four bedrooms, three and a half bathrooms, and three levels of living space on a 20-foot-wide lot. The main level features a sunken, light-filled living room, a formal dining room, and an eat-in kitchen with access to a terrace overlooking the backyard. Upstairs, the primary bedroom includes an en-suite bath, and additional bedrooms provide ample space. The finished basement has a full bath, laundry, and the option to add a second kitchen.
Outdoor amenities include a private driveway, patio, balcony, and garden views. While the home requires updates and has violations that need to be addressed, it presents strong potential for developers, investors, or end users to add value through renovation.
Conveniently located near Flatlands Avenue shopping, Gateway Center Mall, Canarsie Park, and just minutes from the Belt Parkway and JFK Airport. Easy commuting with nearby bus lines connecting to the 2, 3, 4, and L trains.
Bring your contractor and your vision-this is an excellent opportunity in Brooklyn.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Relisted | $659,000 | |
| Relisted | |||
| Jun 1, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2025 | Price Decreased |
$659,000
↓ $66K
(9.1%) | |
| Price Decreased | |||
| Mar 6, 2025 | Relisted | $725,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017