8623 Flatlands AVE, Brooklyn, NY 11236
8623 Flatlands AVE, Brooklyn, NY 11236
8623 Flatlands AVE, Brooklyn, NY 11236
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$5,300,000
Est. payment /mo
5,401 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 982586

Rental Info No

Year Built 2022

Annual Tax Amount $118,467

Lot Size 5,401 Sqft

Acres 0.124

Property Sub-Type Multi Family

Source onekey2

Property 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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Finished, Storage Space

Interior

Heating Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Garage, Private

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Foundation Other

Sewer Public Sewer

Water Public

Structure Type Other

Others

Special Listing Condition None


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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Legacy Estate Realty • Elana Bernstein

NEARBY SCHOOLS & PROPERTIES

Arif Baksh

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arif@asarealestategroup.com

399 Knollwood Rd, White Plains, NY, 10603-1937, USA

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8623 Flatlands AVE