8820 Avenue J, Brooklyn, NY 11236
- $10,500,000
- List Price
- $10,500,000
- Days on Market
- 273
- Foreclosure
- Yes
- MLS#
- 930166
- Status
- ACTIVE
- Property Type
- Multi Family
- Year Built
- 2016
- Property Tax
- $7,102
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.
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Additional Information
- Acres
- 0.37
- Parking
- Parking Lot
- Stories
- 3
- Basement
- Storage Space
- Heating
- Electric
- Cooling
- ENERGY STAR Qualified Equipment
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Reginald Brannen (reggienbb@aol.com) from Listing Office: Blue Key Real Estate Brokerage.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.