Mary Alice Ruppert
Licensed Associate Real Estate Broker, Career and Business Development Leader
REALTOR®, ABR, AHWD, C2EX, CRB, ePro, GRI, SFR, SRES
BEDS0
BATHS
MLS#982586
STATUSActive
PROPERTY TYPECommercial -
Property 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.
Property Features
Property Type: Commercial -
Basement: Finished, Storage Space
Basement: Yes
Cooling: Central Air
Heating: Natural Gas
Lot Size: 0.12 Acres
Taxes: $118,467
Year Built: 2022
Feature Descriptions
Building Area Total: 13497
Days on Site: 48
Exterior: Other
On Market Date: 2026-04-08
Parcel Number: 08007-0001
Parking Features: Garage, Private
Rental Term: Monthly
Sewer: Public Sewer
Units: 13
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Legacy Estate Realty
Agency Contact: 917-635-3980
Shown By
Agent Name: Mary Alice Ruppert
Agent Phone: Cell: (631) 424-4639
Agency Title: Howard Hanna | Coach Realtors
Mary Alice Ruppert
Office: (631) 581-7979 ext. 102
Cell: (631) 424-4639
Fax: (631) 581-3080
Voice Mail: (631) 581-7979
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8623 Flatlands Avenue | MLS# 982586
This commercial property located at 8623 Flatlands Avenue, Brooklyn, NY 11236 is currently listed for sale with an asking price of $5,300,000. Search Brooklyn real estate on mruppert.coachrealtors.com today.