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$ 10,500,000
Est. payment /mo
Active
8820 Avenue J Brooklyn, NY 11236
0.37 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 930166
Rental Info No
Year Built 2016
Annual Tax Amount $7,102
Lot Size 0.365 Acres
Acres 0.3652
Property Sub-Type Multi Family
Source onekey2
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.
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Storage Space
Interior
Heating Electric
Cooling ENERGY STAR Qualified Equipment
Flooring Wood
Fireplace No
Appliance Stainless Steel Appliance(s)
Exterior
Parking Features Parking Lot
Utilities Available Electricity Available
Total Parking Spaces 16
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition Real Estate Owned
Listed by Blue Key Real Estate Brokerage • Reginald Brannen