8623 Flatlands Avenue Brooklyn, NY $ 5,300,000
8623 Flatlands Avenue
$ 5,300,000
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8623 Flatlands Avenue

Brooklyn, NY, 11236
$ 5,300,000
Bedrooms-- Baths-- Sq 13,497

Monthly Estimate*

$ 32,633

8623 Flatlands Avenue, Brooklyn, NY 11236 - Image 1
8623 Flatlands Avenue, Brooklyn, NY 11236 - Image 2
8623 Flatlands Avenue, Brooklyn, NY 11236 - Image 3
8623 Flatlands Avenue, Brooklyn, NY 11236 - Image 4
8623 Flatlands Avenue, Brooklyn, NY 11236 - Image 5

Commercial Property for sale in Brooklyn, NY

for $5,300,000. This 13,497 square foot building was built in 2022 on a lot size of 0.124.

Rare opportunity to add the only mixed-use property currently available in the 11236 zip code to your portfolio. A newly constructed elevator building featuring 12 residential units, ground-floor retail, 8 enclosed parking spaces, and a 35-year 421-a tax exemption. The building spans four stories plus a cellar and includes a residential lobby, dedicated parking garage, and accessory and bicycle storage. The second, third, and fourth floors house 12 residential units, complemented by multiple private and shared rooftop terraces. The ground-floor retail space is currently occupied by a pawn shop. This property offers a rare combination of new construction, multiple income streams, and long-term tax advantages in Brooklyn.

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Commercial Active

Price

$ 5,300,000

Property Type

Commercial

Taxes

$ 118,467

Style

Multi Family

Lot Size

0.124

Year Built

2022

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

982586

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Connected Sewer Connected Trash Collection Public Water Connected
Zoning R5D
Construction Materials Other
Year Built 2022
Property Subtype Multi Family
Tax Year 2025
Parcel Number 08007-0001
County Kings (Brooklyn)
Property Type Commercial Sale
City New York
Number Of Units Total 13
Property Attached Y/N N
Tax Annual Amount 118467.6
Building Area Units Square Feet
Standard Status Active
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Interior
Basement Finished Storage Space
Basement Features Finished Storage Space
Basement (Y/N) Y
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Exterior
Parking Features Garage Private Garage Private
Water Source Public
Foundation Details Other
Building Area Total 13497
Waterfront Y/N N
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Internal Only
Street Number 1 8623
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* Excluded Features
List By
Elana Bernstein

Listing Agent

Legacy Estate Realty

Broker

917-635-3980

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Affordability Calculator

$42,505
Per Month
77%
23%
0%
Monthly Principal & Interest
$32,633
Monthly Property Taxes
$9,872
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4101131 Elementary School
4101327 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/8/2026$5,300,000 Listed Price

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8623 Flatlands Avenue, Brooklyn, NY, 11236 is a Commercial Property for sale at $5,300,000 with 13,497 sqft and a lot size of 0.124. 8623 Flatlands Avenue was built in 2022. The property's zip code is 11236 which is in Brooklyn, NY