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 $916,028 at a 5.38 % 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.
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 $916,028 at a 5.38 % 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.
Property Details
Price:
$16,999,000
MLS #:
500405
Status:
Active
Baths:
0
Type:
Single Family
Subtype:
Mixed Use
Borough:
Brooklyn
Neighborhood:
canarsie
Listed Date:
Apr 11, 2026
Finished Sq Ft:
7,064
Year Built:
2014
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Community
- Address10504 Flatland Avenue Brooklyn NY
- NeighborhoodCanarsie
- CityBrooklyn
- CountyKings (Brooklyn)
- Zip Code11236
Market Summary
Current real estate data for Single Family in Brooklyn as of Apr 21, 2026
545
Single Family Listed
118
Avg DOM
1,887
Avg $ / SqFt
$1,967,138
Avg List Price
Property Summary
- 10504 Flatland Avenue Brooklyn NY is a Single Family for sale in Brooklyn, NY, 11236. It is listed for $16,999,000 and features 0 beds, 0 baths, and has approximately 7,064 square feet of living space, and was originally constructed in 2014. The current price per square foot is $2,406. The average price per square foot for Single Family listings in Brooklyn is $1,887. The average listing price for Single Family in Brooklyn is $1,967,138.
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