8820 Avenue J, Brooklyn, NY, 11236
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 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.
Status:
Active
Type:
Commercial
Units:
24
Heating:
Electric
Cooling:
ENERGY STAR Qualified Equipment
Basement:
Storage Space
Levels:
3
Parking:
16-car, Parking Lot
Acreage:
0.37
Est. Taxes:
$7,102
Assessment
$1,162,800
Construction
Brick
Utilities
Electricity Available
Appliances:
Stainless Steel Appliance(s)
MLS #:
930166
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Blue Key Real Estate Brokerage 718-921-2280