8623 Flatlands Avenue, Brooklyn, NY 11236
- $5,300,000
- List Price
- $5,300,000
- MLS#
- 982586
- Number Of Families
- 13
- Status
- ACTIVE
- Lot Size
- 5400
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.
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Additional Information
- Year Built
- 2022
- Total Taxes
- 118467
- Heating
- Natural Gas
- Parking
- Garage, Private
- Basement
- Finished, Storage Space
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $118,467
Mortgage Calculator
Listing courtesy of Listing Agent: Elana Bernstein (elanakolch@gmail.com) from Listing Office: Legacy Estate Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.