Price Reduced 4.17%
Price History
$12,000,000
12/2/2022
$11,500,000
1/29/2023
$11,250,000
7/17/2023
$11,000,000
11/9/2023
$12,000,000
7/9/2024
$11,500,000
11/23/2024
8820 Avenue J, New York, (Brooklyn), NY, 11236
50 rooms
50 beds
50 Full baths
2016
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 5.6%, 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.
Status:
Active
Town:
New York
Type:
Commercial
Units:
24
Heating:
Electric, ENERGY STAR Qualified Equipment
Cooling:
Electric, ENERGY STAR Qualified Equipment, Separate Meters
Basement:
Finished, Walk-Out Access
Parking:
16-car, Private
Est. Taxes:
$7,102
Construction
Brick
Elementary School:
Ps 279 Herman Schreiber
Middle School:
Science & Medicine Middle School
High School:
Urban Action Academy
School District:
Community District 18
Days on Market:
859
Appliances:
Electric Water Heater
MLS #:
3446376
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Blue Key Real Estate Brokerage 718-921-2280