Financial
Distress signals
Property profile

10504 Flatlands Ave Brooklyn, NY 11236

OFF-MARKET
Retail residential properties
Property ID
US63-4609589
7,064 SF 0.12 ac lot Built 2014
Last sale Oct 2023 · $11,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a two-story, fireproof steel retail strip mall built in 2014, improved with approximately 7,074 square feet across 6 units. It sits on a 5,400 square foot corner lot and provides more than 20 parking spaces for customer access. The site has frontage and visibility along Flatlands Avenue and is located in an area that includes a 7-Eleven anchor. Zoning is listed as R5D/C2-3, with a stated maximum buildable area of 10,800 square feet and additional air rights of 3,726 square feet that may support future expansion or redevelopment.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$57k
Tax billed · 2024
Assessed value$601k
Assessed land$79k
Assessed improvement$522k
Effective rate9.50%

Value estimate

· Sep 2026
$11.68M
$10.51M – $12.84M
AI approach$8.30M

Realmo valuation models over county records and 52 qualifying comparable sales.

Recently sold

What actually traded nearby?
$339/SF
ZIP average, outlier-cleaned · 48 recorded sales of this use type
Observed band · Q1–Q3$257 – $421
Qualifying comparables52

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R5D
This district is designed to permits moderate density residential neighborhoods with a mix of housing types except zero lot line buildings
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm85.7
Realty agency69.6
Parking Facility31.2

Location

10504 Flatlands Ave Brooklyn, NY 11236-2908
County assessor Recorded deeds · 13 transfers 52 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10516 Flatlands, Brooklyn, NY 11236-2908 $11,700,000 Oct 2023 7,556 SF
10510 Flatlands, Brooklyn, NY 11236-2908 $11,700,000 Oct 2023 11,640 SF
8902-8904 Glenwood, Brooklyn, NY 11236 $775,000 Oct 2022 4,301 SF
8924 Flatlands, Brooklyn, NY 11236-3614 $1,270,000 Mar 2022 2,620 SF
8602 Flatlands, Brooklyn, NY 11236-3627 $890,000 Feb 2021 6,416 SF
1106 Remsen, Brooklyn, NY 11236-3467 $3,000,000 Dec 2018 12,062 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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