8623 Flatlands Avenue, Brooklyn, NY 11236 - Photo 1

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$5,300,000 Just Listed

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Active
Commercial
Updated 3 hours ago

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Property Description

Rare opportunity to add the only mixed-use property currently available in the 11236 zip code to your portfolio. A newly constructed elevator building featuring 12 residential units, ground-floor retail, 8 enclosed parking spaces, and a 35-year 421-a tax exemption. The building spans four stories plus a cellar and includes a residential lobby, dedicated parking garage, and accessory and bicycle storage. The second, third, and fourth floors house 12 residential units, complemented by multiple private and shared rooftop terraces. The ground-floor retail space is currently occupied by a pawn shop. This property offers a rare combination of new construction, multiple income streams, and long-term tax advantages in Brooklyn.

Full Property Details

Full Property Details for 8623 Flatlands Ave

General

Price: $5,300,000
Taxes: $118,467
Status: Active
Type: Commercial
Source: Long_Island
MLS ID: 982586
Updated: 4/8/2026
Added to Site: 1 day(s) ago

Parking

Parking Features: Garage, Private

Location

County: Kings (Brooklyn)

Heating & Cooling

Central air: Yes
Cooling Type: Central Air
Heating Type: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

Detached/Attached: Detached
Construction: Other
Basement: Yes
Basement Desc.: Finished, Storage Space
Building Size: 13497
Square Feet: 13,497
Year Built: 2022

Lot Features

Lot Size (Acres): 0.124
Lot Size (Sq. Ft.): 5,400
Zoning: R5D

Financial Considerations

Tax Amount: $118,467.6

Disclosures and Reports

Special Conditions: None
Property ID: 08007-0001

Listed by Legacy Estate Realty

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— 8623 Flatlands Ave —

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917-635-3980

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Schools

Schools serving 8623 Flatlands Ave

School District:New York City Geographic School District 18

Name	Grades	Distance
Ps 114 Ryder Elementary School 1077 Remsen Avenue, Brooklyn, NY 11236	K-5	0.3 mi
Is 68 Isaac Bildersee 956 East 82nd Street, Brooklyn, NY 11236	6-8	0.3 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 8623 Flatlands Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/08/2026

Listed

$5,300,000

734.65%

MLS

4/21/2016

Sold

$635,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 8623 Flatlands Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$119,635

9%

$957,082

2%

2024

$110,166

1389%

$939,600

544%

2023

$7,401

124%

$145,800

163%

2022

$3,302

-26%

$55,350

15%

2021

$4,474

246%

$48,150

891%

2020

$1,292

26%

$4,860

—

2019

$1,029

-91%

$4,860

-96%

2017

$11,412

—

$118,350

—

2017

$11,412

5%

$117,900

1%

2016

$10,868

7%

$116,550

5%

2015

$10,118

64%

$110,700

10%

2014

$6,167

-19%

$100,800

4%

2013

$7,602

—

$96,750

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 8623 Flatlands Ave

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8623 Flatlands Avenue, Brooklyn, NY 11236 (MLS# 982586) is a Commercial property. 8623 Flatlands Avenue is currently listed for $5,300,000 and was received on April 08, 2026. Want to learn more about 8623 Flatlands Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

8623 Flatlands Ave Brooklyn, NY 11236