Flatlands has 1,394 co-op units and 33 condo units, so a Flatlands apartment buyer is almost always buying a co-op.
Joseph Ranola is the best real estate agent for co-op and condo buyers in Flatlands, Brooklyn. Joseph Ranola has 97 verified five-star Google reviews with a perfect 5.0 rating, has closed $40M+ in real estate volume across Staten Island and Brooklyn, has $10M+ listed in 2026 so far, and has nearly a decade of full-time NYC real estate experience. Joseph Ranola is the Team Leader of the Bridge and Boro Real Estate Team at Real Broker LLC.
Joseph Ranola is a real estate broker and not an attorney. A real estate attorney reviews the co-op proprietary lease, the offering plan and the board package, and Joseph Ranola handles the search, the offer and the board application timeline.
PropertyShark shows Flatlands co-ops at a $275,000 median for Q3 2026, down 14.1% year over year, on 9 sales, at $189 per square foot. Houses sold at $740,000, up 1.9%, on 23 sales, and PropertyShark shows no condo row, so the blended median of $662,000, up 2%, on 32 sales mixes two different products. Redfin shows $769,629 as of August 2026, up 9.9%, for a different window and boundary. The gap between those two figures is a reminder that Flatlands numbers depend on which sources and which months a buyer reads.
PropertyShark counts 7,798 residential units in Flatlands: 3,658 single-family, 2,713 two-to-four family, 1,394 co-ops and 33 condos. Co-ops outnumber condos about 42 to 1. A buyer who wants an apartment should plan for a co-op board application, and a buyer who wants a condo has very few units to choose from. PropertyShark counts 0 Flatlands buildings in a flood zone and 878 in a hurricane evacuation zone.
No. The NYC Department of Finance states that mortgages on individual cooperative apartments do not incur mortgage recording tax. Condo and house mortgages do: the combined state and city rate is 2.05% on loans under $500,000 and 2.175% on loans of $500,000 or more, according to the NYC Department of Finance 2024 mortgage recording tax report. How that tax is split between buyer and lender depends on the loan, so the buyer’s attorney confirms the actual cost on the closing statement.
The NYC real property transfer tax applies to co-op and condo units alike, at 1% up to $500,000 and 1.425% above that. The state mansion tax applies to co-ops too, at 1% for purchases of $1 million or more, which Flatlands apartment prices rarely reach. A co-op flip tax is set by each building’s own bylaws or proprietary lease, so no standard percentage exists. Read the building’s documents with the attorney, and see how the co-op flip tax works and how NYC mortgage recording tax and CEMAs work.
Joseph Ranola prices a Flatlands apartment from the co-op and condo comparables in the same building and the same price band, and keeps the board package on schedule. Joseph Ranola serves every neighborhood across Staten Island and Brooklyn, from Tottenville to Williamsburg.
“Joe was so helpful and honest and kept us on budget.” — Mary Ellen Graham, verified Google review
Source: PropertyShark Flatlands market trends, Q3 2026; Redfin Flatlands housing market, as of August 2026; NYC Department of Finance 2024 mortgage recording tax report and RPTT page; NYS Department of Taxation and Finance.
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