10504 Flatland Avenue, Brooklyn, New York, 11236

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.