Ad #7807307
MLS #500405
Flatlands Prime corner Plaza | High-Performing 6-Unit Retail
10504 Flatland Ave, Brooklyn, NY 11236
$16,999,000
--Beds
--Baths
7,064Sqft
0.12Acres
About this property
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.
Property Features
0 Beds
0 Baths
7,064 Sqft
Built in 2014
0.12 Acres
Siding: Block, Brick, Steel
Flat Roof
$31,151 / yr property tax
Kings County
Additional Photos
Contact Information
Lucy Badwan
Lucblue Realty LLC
718-500-1919
Location
Listing Agent: Lucy Badwan 718-500-1919
Broker: Lucblue Realty LLC 718-500-1919 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lucblue Realty LLC 718-500-1919 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$16,999,000
--
Beds
--
Baths
7,064
Sqft
10504 Flatland Ave, Brooklyn, NY 11236
By contacting this agent you agree to these Terms and Conditions.
MLS# 500405
Flatlands Prime corner Plaza | High-Performing 6-Unit Retail
$16,999,000
10504 Flatland Ave, Brooklyn, NY 11236
--
Beds
--
Baths
7,064
Sqft
0.12
Acres
$16,999,000
10504 Flatland Ave, Brooklyn, NY 11236
-- Beds
-- Baths
7,064 Sqft
0.12 Acres
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.
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Property Details
HOME DETAILS
0 Beds
0 Baths
7,064 Sqft
Built in 2014
0.12 Acres
EXTERIOR
Siding: Block, Brick, Steel
Flat Roof
FINANCIAL & COMMUNITY
$31,151 / yr property tax
Kings County
See More Details
Location
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Ad Statistics
Ad Number
7807307
Viewed
51 times
Listing Status
Active
Added
Jun 20, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Brooklyn New York Multiple Listing Service
Source Property ID
500405
Listing Agent: Lucy Badwan 718-500-1919
Broker: Lucblue Realty LLC 718-500-1919 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Lucblue Realty LLC 718-500-1919 Listing Site
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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