Four-Story Mixed-Use
For Lease
$4,607,000
8623 Flatlands Avenue, Brooklyn, NY 11236
Elevator-served building combines residential units, ground-floor retail, enclosed parking, laundry, and storage areas.
Space SizeContact for details
Days on Market11
Property Features for 8623 Flatlands Avenue
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$118,467
Amenities
laundry
accessory storage
bicycle storage
Building Details
Year Built
2022
Stories
4
Listing Agency:
Legacy Estate Realty
(718) 841-9292
Listed By:
Elana Bernstein (elanakolch@gmail.com)
Source:
Nextlevelhomesgroup
Added: Aug 23
Changed: Aug 28
Last Checked: Sep 1 at 7:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legacy Estate Realty
Investment Insights
Based on property information with market context.
This four-story mixed-use property contains 12 residential units, including 8 free-market apartments and 4 affordable units. The building also includes 2,223 SF of ground-floor retail space occupied by a pawn shop, along with an elevator, private enclosed parking, laundry facilities, accessory storage, and bicycle storage. The stated construction years conflict and are therefore not included.
Located at 8623 Flatlands Avenue in Brooklyn, NY 11236, the property includes 8 enclosed parking spaces and a 35-year 421-a tax exemption. Its configuration combines residential occupancy with a separately occupied retail component and on-site parking within one building.
Located at 8623 Flatlands Avenue in Brooklyn, NY 11236, the property includes 8 enclosed parking spaces and a 35-year 421-a tax exemption. Its configuration combines residential occupancy with a separately occupied retail component and on-site parking within one building.
Key Highlights
- 12 residential units: 8 free‑market and 4 affordable
- 2,223 SF of ground‑floor retail space occupied by a pawn shop
- Four‑story building with elevator service
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Lease Benchmarks for Brooklyn, NY
$35.35 /SF/Yr
Avg Asking Price
$32–$48.75 /SF/Yr
Price Range
7,004 SF
Avg Space Size
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Elevator-served building combines residential units, ground-floor retail, enclosed parking, laundry, and storage areas.
Where is this mixed-use property located?
The property is located at 8623 Flatlands Avenue Brooklyn, NY.
What is the lease rate?
The lease rate is $4,607,000.
What are key features of this property?
This property features: 12 residential units: 8 free‑market and 4 affordable; 2,223 SF of ground‑floor retail space occupied by a pawn shop; Four‑story building with elevator service
