8623 Flatlands Avenue, Brooklyn, NY 11236

• 13,497 sqft

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.

Listing Status:

Active

Data Last Updated:

August 11, 2026 at 2:22AM

Listing Office:

Legacy Estate Realty : 917-635-3980

MLS ID:

982586

Interior

• Basement: FinishedStorage Space
• A/C: Central Air
• Heating: Natural Gas

Exterior

• Parking: GaragePrivate

Location

• Originating MLS: onekey2
• County: Kings (Brooklyn)

Lot

• Zoning: R5D08007-0001

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2