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Property Description

Perfect—here’s a clean, investor-focused description for that Canarsie property:

Turn-Key 24-Unit Investment Property in Canarsie, Brooklyn

An outstanding opportunity in the heart of Canarsie, Brooklyn—this well-maintained 24-unit brick building features all 2-bedroom, 2-bath apartments, ideal for steady rental demand. Tenants pay all utilities except water, with all-electric systems, eliminating the need for gas, boiler maintenance, or a compactor room.

The building includes:

Legal super’s unit
Accessory office in the basement with half bath
Additional storage rooms
No elevator = lower maintenance
421A Tax Abatement in place
Low operating expenses
With a NOI of $649,000 and a Net Cap Rate of 6.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.

Features
Heating System:
Electric
Cooling System:
Energy Star Qualified Equipment
Basement:
Storage Space
Appliances:
Stainless Steel Appliance(s)
Flooring:
Wood
Parking Features:
Parking Lot
Sewer:
Public Sewer
Utilities:
Electricity Available
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)
Property and Construction
Development Status:
Brick
Agent MlsId:
161521
Office MlsId:
BLKE01
Number Of Units:
24
Special Listing Conditions:
Real Estate Owned
Stories Total:
3
Tax Annual Amount:
$7,102
Water Source:
Public
PhotosCount:
12

Commercial Sale For Sale

8820 Avenue J, New York, NY

15,908 Acre
$10,500,000
Listing ID #930166
Basic Details
Property Type :
Commercial Sale
Property SubType :
Multi Family
Listing ID :
930166
Price :
$10,500,000
Bathrooms Total :
0
Building Area :
22,035 Sqft
Lot Area :
15,908 Acre
Year Built :
2016
Status :
Active
Status :
Active
Listing Office :
Blue Key Real Estate Brokerage
Listing Agent :
Reginald Brannen
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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