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10504 Flatland Avenue

Brooklyn, NY 11236
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Bed --

Bed

Bath 0

Bath

SqFt7,064

Sqft

Acres0.12

Acre(Lot)

Flatlands Prime corner Plaza | High-Performing 6-Unit Retail Investment Opportunity! 10504 Flatlands Avenue fully leased, two-story corner retail asset totaling 7,074 SF across six commercial units. Built in 2014, the property is situated on a 5,400 SF lot along Flatlands Avenue, offering strong frontage, visibility, and on-site parking for 20+ vehicles. The tenant mix is anchored by 7-Eleven and includes a full-floor Kids Academy, hair salon, medical supply store, and additional service and office users, providing stable in-place income. The property generates an approximate NOI of $932,249.00 at a 5.48 % cap rate. The site is currently improved to 7,074 SF with a maximum buildable area of approximately 10,800 SF, allowing for 3,726 SF of additional development potential. Real est ate taxes are reduced with an ICAP tax abatement in place through 2030. Zoned R5D/C2-3. Location & Accessibility: Strategically positioned in the growing Canarsie corridor, the property benefits from excellent accessibility, including proximity to the L train and strong walkability. Surrounded by residential density, schools, and neighborhood amenities, this location supports long-term tenant stability and continued demand. Ideal for investors seeking a stabilized asset with immediate cash flow and long-term development upside in one of Brooklyn’s evolving submarkets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $16,999,000

AD Id : 76994502

MLS Id : 500405

Lot Size : 0.12 Acre

Living Area Size : 7,064

Year Built : 2014

County : Kings

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Feature Features

  • Room Information

    Has Basement: Yes Basement: Full
  • Flooring Information

    Concrete, Hardwood, Marble, Parquet, Slate, Tile, Granite, Stone
  • Roofing Information

    Flat
  • Interior Features

    Elevator Roof: Flat Appliances: Electric Water Heater, Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Natural Gas

  • Building Information

    Year Built: 2014 Building Area Total: 7064 Construction Materials: Block, Brick, Metal Siding, Stone, Stucco Private Pool: No

  • Lot Information

    Lot Dimensions: 90 x 60 Lot Size Acres: 0.12 Lot Size Square Feet: 5400

  • Listing Price Information

    Listing Price: $16999000

  • Tax Information

    Annual Tax: $31151

  • Location Information

    Security Features: Security System
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
108-42 Flatlands 9th St.., Brooklyn, NY, 11236 $340,000 1 1 553 553 SqFt
10825 Avenue N, Brooklyn, NY, 11236 $797,000 3 2 2,040 2,040 SqFt
9505 Schenck Street, Brooklyn, NY, 11236 $1,325,000 4 3 --
9317 Schenck Street, Brooklyn, NY, 11236 $799,000 3 1.5 1,600 1,600 SqFt
1983 Rockaway Parkway, Brooklyn, NY, 11236 $450,000 -- 1 864 864 SqFt
1535 98th Street, Brooklyn, NY, 11236 $739,000 2 1 903 903 SqFt
1655 93rd Street, Brooklyn, NY, 11236 $750,000 3 1.5 1,216 1,216 SqFt
10560 Flatlands 2nd Str.., Brooklyn, NY, 11236 $659,000 4 4 2,000 2,000 SqFt
1549 96th Street, Brooklyn, NY, 11236 $999,000 3 1 1,056 1,056 SqFt
1541 E 95th Street, Brooklyn, NY, 11236 $738,000 3 2 1,088 1,088 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/08/2026 @ 09:03

MLS: 500405 LISTED BY: Lucy Badwan, Lucblue Realty LLC 718-500-1919 SOURCE: Brooklyn Board of REALTORS

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