8623 Flatlands Avenue, Brooklyn, NY 11236
Kings (Brooklyn) County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
2022
Living Area
13,497 sq ft
Lot Size
0.12 acres
Days on Market
35
MLS® Listing#
982586
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$118,468
Parcel Number
08007-0001
Affordability Calculator
$1,060,000
Estimated monthly payment
$28,209/mo
Principal $4,240,000 · Est. interest $5,915,177 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $989,806
- Median Listing Price
- 81
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,910
- Active Listings
- This home’s price is 435% above the area median.
- Its price per sq ft is 31% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
- 8623 Flatlands Avenue, Brooklyn, NY 11236
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
Catherine Laboure Special Education School
School · 0.1 mi away
Canarsie Ascend Middle School
School · 0.1 mi away
Our Lady of Miracles Church
School · 0.1 mi away
PS 114 Ryder Elementary
Elementary · 0.3 mi away
Raven Callender
School · 0.3 mi away
Excel Upper School
Secondary · 0.3 mi away
I. S 068 Isaac Bildersee
Secondary · 0.3 mi away
Explore Excel Lower Charter School
Elementary · 0.3 mi away
PS 276
Elementary · 0.3 mi away
Yeshiva Ateres Yisroel School
School · 0.4 mi away
Community School District 18
School · 0.4 mi away
Urban Action Academy
School · 0.5 mi away
Holy Family Church Religious Education
School · 0.5 mi away
Hamesivta - Lubavitcher Yeshiva
School · 0.5 mi away
High School for Medical Professions
Secondary · 0.6 mi away
Canarsie Educational Campus
School · 0.6 mi away
Canarsie Childhood Center
School · 0.6 mi away
Canarsie Ascend Lower School
Elementary · 0.6 mi away
Brooklyn Bridge Academy
School · 0.6 mi away
Victory Collegiate High School
Secondary · 0.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 91 Hudson Avenue, Brooklyn, NY | $3,750,000 | 9 | 6 | 4,575 |
| 375 61st Street, Brooklyn, NY | $3,750,000 | — | — | 14,400 |
| 259 48th Street, Brooklyn, NY | $3,780,000 | — | — | 7,000 |
| 746 54th Street, Brooklyn, NY | $3,790,000 | — | — | 5,282 |
| 34 Garnet Street, Brooklyn, NY | $3,795,000 | 8 | — | 5,000 |
| 7923 11th Avenue, Brooklyn, NY | $3,798,000 | 3 | — | 3,428 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Legacy Estate Realty - 5166822803
Presented by: Elana Bernstein
Fair Housing Notice