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  2. 10504 Flatland Avenue
  • 10504 Flatland Avenue
  • $ 16,999,000
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236

10504 Flatland Avenue

Canarsie

Building For Sale
$ 16,999,000
Ownership Mixed Use
Lot Size 60'x90'
Status Active
Real Estate Taxes [Per Annum] $ 31,151
Year Built 2014
ASF/ASM 7,064/656
 

Photos

10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
10504 Flatland Avenue Canarsie Brooklyn NY 11236

Property Description

Prime Commercial Investment Opportunity | Canarsie, Brooklyn Exceptional mixed-use strip mall offering 7,074 SF of commercial space across 6 units in a highly desirable Brooklyn location. This two-story, fireproof steel construction building (2014) sits on a 5,400 SF corner lot with strong visibility along Flatlands Avenue and features over 20 parking spaces, providing a rare convenience for both tenants and customers. The property presents a compelling investment profile with stable in-place income and significant upside potential. Currently improved at 7,074 SF, the site allows for a maximum buildable area of 10,800 SF, offering 3,726 SF of additional air rights for future expansion or redevelopment. Investment Highlights: Strong Tenancy: Anchored by 7-Eleven with a diverse mix of service, retail, and community-oriented tenants Income Producing Asset: Approx. NOI of $916,028 Value-Add Potential: Expandable footprint with unused development rights Tax Advantage: ICAP benefits in place through 2030, providing annual savings Flexible Zoning: R5D/C2-3 supports a wide range of commercial and residential uses 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.
Prime Commercial Investment Opportunity | Canarsie, Brooklyn Exceptional mixed-use strip mall offering 7,074 SF of commercial space across 6 units in a highly desirable Brooklyn location. This two-story, fireproof steel construction building (2014) sits on a 5,400 SF corner lot with strong visibility along Flatlands Avenue and features over 20 parking spaces, providing a rare convenience for both tenants and customers. The property presents a compelling investment profile with stable in-place income and significant upside potential. Currently improved at 7,074 SF, the site allows for a maximum buildable area of 10,800 SF, offering 3,726 SF of additional air rights for future expansion or redevelopment. Investment Highlights: Strong Tenancy: Anchored by 7-Eleven with a diverse mix of service, retail, and community-oriented tenants Income Producing Asset: Approx. NOI of $916,028 Value-Add Potential: Expandable footprint with unused development rights Tax Advantage: ICAP benefits in place through 2030, providing annual savings Flexible Zoning: R5D/C2-3 supports a wide range of commercial and residential uses 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.

Listing Courtesy of Lucblue Realty LLC

Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775

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Apartment Features

Exposed Bricks
Hardwood Floors
10504 Flatland Avenue Canarsie Brooklyn NY 11236
10504 Flatland Avenue Canarsie Brooklyn NY 11236

Building Details [10504 Flatland Avenue]

Ownership Mixed Use
Zoning R5D, C2-3
Year Built 2014
Lot Size 60'x90'

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Maria Castellano

License Licensed As: Real Estate Broker/Owner

Licensed Real Estate Broker/Owner


W: 718-236-1800
M: 917-318-1775
BNYMLS All information furnished regarding this or any property listed for sale or rent is gathered from sources deemed reliable. Though we have no reason to doubt the accuracy or validity of this information, we make no warranty or representation as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or withdrawal without notice. It is strongly recommended that the prospective purchaser or tenant shall carefully review each item of size, dimensions, real estate taxes, expenses, legal use and any other information presented herein.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: 500405