8623 Flatlands Avenue, Brooklyn, NY

$4,607,000

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13,497

Square feet

0.12

Acres

About 8623 Flatlands Avenue

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.

Features of 8623 Flatlands Avenue

MLS® # 982586
Price $4,607,000
Internal Footage 13,497
Square Footage 5400
Acres 0.12
Year Built 2022
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 8623 Flatlands Avenue
City Brooklyn
County Kings (Brooklyn)
State NY
Zip Code 11236

Amenities

Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Parking Garage, Private
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Cooling Central Air
Fireplace No
Has Basement Yes
Basement Finished, Storage Space

Exterior

Construction Other

Additional Information

Date Listed April 7th, 2026
Days on Market 184
Zoning R5D
Short Sale No
RE / Bank Owned No

Listing Details

Listing Provided Courtesy ofLegacy Estate Realty
Contact Info917-635-3980

Listing Map

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