8623 Flatlands Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11236- Canarsie
$5,300,000 USD
917-635-3980
8623 Flatlands Ave, Brooklyn, NY for Sale
$5,300,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

8623 Flatlands Ave
Brooklyn, NY 11236
Canarsie


HIGHLIGHTS

  • 35-year 421-a tax exemption
  • New 4-story elevator building plus cellar and 8 enclosed parking spaces

OVERVIEW

Rare opportunity to add the only 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 four-story building plus a cellar offers a balanced income profile with 8 free-market units and 4 affordable housing units, along with a retail component, residential lobby, dedicated parking garage, and accessory and bicycle storage. The residential units are complemented by multiple private and shared rooftop terraces. This property offers a rare combination of new construction, multiple income streams, and long-term tax advantages in Brooklyn.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$2,650 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,598 SF

ZONING

R5

APN/PARCEL ID

08007-0001

ASK ABOUT THIS PROPERTY

Elana BernsteinLegacy Estate RealtyMore Info
917-635-3980

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Elana BernsteinLegacy Estate RealtyMore Info
917-635-3980

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.