Financial
Distress signals
Property profile

8623 Flatlands Ave Brooklyn, NY 11236

FOR LEASE
Retail residential properties
Property ID
US63-1144540
11,823 SF 0.08 ac lot Built 2022
Last sale May 2016 · $635,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A four-story mixed-use building at 8623 Flatlands Avenue that includes 12 residential apartments and 2,223 square feet of ground-floor retail space, which has historically been occupied by a pawn shop. The residential portion consists of 8 free-market units and 4 affordable units. Building amenities and features include an elevator, laundry facilities, accessory storage, bicycle storage, and enclosed parking for 8 vehicles along with private parking. The property is identified as R5D zoning and includes a recorded 35-year 421-a tax exemption.

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?
$110k
Tax billed · 2024
Assessed value$940k
Assessed land$146k
Assessed improvement$794k
Effective rate11.72%

Value estimate

· Sep 2026
$595k
$536k – $655k
Submarket $/SF estimate$4.98M

Realmo valuation models over county records and 21 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 comparables21

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 Firm76.6
Realty agency61.8
Parking Facility32.4

Location

8623 Flatlands Ave Brooklyn, NY 11236
County assessor Recorded deeds · 4 transfers 21 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
9029 Flatlands, Brooklyn, NY 11236-3615 $311,607 Apr 2025 23,613 SF
10510 Flatlands, Brooklyn, NY 11236-2908 $11,700,000 Oct 2023 11,640 SF
10516 Flatlands, Brooklyn, NY 11236-2908 $11,700,000 Oct 2023 7,556 SF
10504 Flatlands, Brooklyn, NY 11236-2908 $11,700,000 Oct 2023 7,064 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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