13,497 sqft

$4,607,000

8623 Flatlands Avenue, Brooklyn NY, 11236

Price per sqft$341.34

Built in2022

Property size13,497 sqft

Property typeCommercial

Courtesy of Legacy Estate Realty, Elana Bernstein Listing Contact: 917-635-3980

Overview

Active

Listed Apr 8, 2026

Updated Aug 21

Rare opportunity to add the largest mixed-use property currently available in the 11236 zip code to your portfolio. A newly constructed (2024) elevator building featuring 12 residential units, ground-floor retail occupied by a pawn shop, 8 enclosed parking spaces, and a 35-year 421-a tax exemption. This 4-story building is home to 8 free-market units and 4 affordable units, along with 2,223SF of retail space, private parking, laundry, and accessory and bicycle storage. The residential rent roll is strong at $31,122/month ($373,464/year). There are 8 parking spaces that can rent for $150/space ($14,400/year). Owner pays electric (approximately $600/month for common areas and the elevator) and water ($16,746.78 for 2025). This property offers a rare combination of new construction, multiple income streams, and long-term tax advantages in Brooklyn.

Additional information

MLS^® ID: 982586

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.12 Acres

Other Property Details

Taxes: $118,468
Tax Frequency: Annually
Garage: Yes

Listings courtesy of OneKey MLS as distributed by MLS GRID

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