Buy with Yoreevo
$5,207,250
List Price: $5,300,000
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8623 Flatlands Avenue
House in Canarsie •  building info
studio • 5,400ft² $981 per ft²
Buy with Yoreevo

$5,207,250

List Price

$5,300,000

Key Details
Days on market
69
Last price change
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Estimated payment
$38,471/mo
Taxes
$9,872/mo
Maintenance
N/A
Description
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$5,300,000
Asking Price: $5,300,000
Term
30 Years
Down Payment
$530,000 (10%)
Min: 10% (530,000)
Rate
6.0 %
Mortgage Amount
$4,770,000
Mortgage Payment
$28,599
Taxes
$9,872
Estimated Yoreevo rebate
$92,750
Estimated closing cost
$240,000
Total monthly cost $38,471
Buy your dream home with us and get an estimated $92,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Legacy Estate Realty

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