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For Sale
Brooklyn
8623 Flatlands Avenue

8623 Flatlands Avenue

Brooklyn, NY 11236

$5,300,000

0.12 Acre

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8623 Flatlands Avenue
Brooklyn, NY 11236

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Brooklyn / NY

Multi Family HIGHLIGHTS

Property Type

Commercial Sale, Multi Family
Year Built

2022
Cooling

Yes - Central Air
Heating

Yes - Natural Gas
RE Tax

$118,468

Listing courtesy of Elana Bernstein of Legacy Estate Realty.

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.

8623 Flatlands Avenue

Facts & Features

Acres

0.124 Acres
City Region

Brooklyn
Lot Size

5,400 Sqft

MLS #

982586
Property Type

Multi Family
Year Built

2022

Building Area Total

13497
Construction Materials

Other
Total Number of Units

13
Year Built

2022

Parking Features

Garage, Private

Annual Taxes

$118,468

Basement

Finished, Storage Space
Cooling

Yes - Central Air
Heating

Yes - Natural Gas

Sewer

Public Sewer
Utilities

Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Water Source

Public

Home Price

in US Dollars

Down Payment

Interest Rate

Mortgage Term

Total/Month

Principal & Interest
Property Taxes (monthly) $9,872

*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

8623 Flatlands Avenue

Location

Nearby Points of Interest

Docdocil, Juniper
Health Care, Independent
First Medcare
Health Care, Independent
Healthy Smiles
Health Care, Independent
Canarsie Liquor Outlet Inc
Alcohol, Independent
Real World Deli Corp
Food Shops, Deli

Data courtesy of LocalLogic.co

Neighborhood

Canarsie

Canarsie is a residential neighborhood in southeastern Brooklyn bordered by East Flatbush, Flatlands, Bergen Beach, and Jamaica Bay. The area is characterized by detached and semi-detached houses, brick row houses, and low-rise apartment...

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8623 Flatlands Avenue

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