Greg Giuliano
8623 Flatlands Avenue, Brooklyn, NY, 11236
2022
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.
Status:
Active
Type:
Commercial
Units:
13
Heating:
Natural Gas
Cooling:
Central Air
Basement:
Finished, Storage Space
Parking:
Garage, Private
Acreage:
0.12
Est. Taxes:
$118,468
Construction
Other
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Days on Market:
35
MLS #:
982586
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Legacy Estate Realty 917-635-3980