Jeffrey Farnell - Smitchger Realty Logo
$4,607,000
( $341.34Per Sq Foot )
 $24,731 est/mo Sourced by Back At You

8623 Flatlands Avenue,Brooklyn, NY 11236

Brooklyn, NY 11236

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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.

Details

MLS #982586
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year2022
Days On Site138
Listing Provided ByLegacy Estate Realty | Elana Bernstein

Features

SQ Feet13,497
BasementY
Units13
ZoningR5D
Acreage0.12

Interior

CoolingCentral Air
HeatingNatural Gas

Exterior

Construction MaterialsOther
Foundation DetailsOther

Parking

Parking FeaturesGarage, Private

Utilities

UtilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Annual Amount118467.6

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11236
Listing VS Median (in 11236)
Price:
$4,607,000
low | high
Med:
$832,000
100% of Average
sqft:
13,497
low | high
Med:
1,948
100% of Average
$ / sqft:
$341
low | high
Med:
$429
24.367777137265% of Average
On site:
138
low | high
Med:
51.5
100% of Average
Sourced by Back At You

Market Activity 11236

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Learn More About This Property

Jeffrey Farnell

Jeffrey Farnell

John J Lease REALTORS

GRI (914) 850-1257jeffreygfarnell@yahoo.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11236
Listing VS Median (in 11236)
Price:
$4,607,000
low | high
Med:
$832,000
100% of Average
sqft:
13,497
low | high
Med:
1,948
100% of Average
$ / sqft:
$341
low | high
Med:
$429
24.367777137265% of Average
On site:
138
low | high
Med:
51.5
100% of Average
Sourced by Back At You
Listing Updated: August 1, 2026 at 4:33:02 PM PDT

Jeffrey Farnell - Smitchger Realty