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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

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 estate 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.
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 estate 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.

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

Care to take a look at this property?

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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Loan Amount

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