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About the Listing BLKE01 - 161521
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.
Listing Highlights for 8820 Avenue J
Interior Details
- Bedrooms: 50
- Bathrooms: 50 Full
- Appliances: Electric Water Heater
- Air Cond: Electric,ENERGY STAR Qualified Equipment,Separate Meters
- Heating: Electric,ENERGY STAR Qualified Equipment
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Walk-Out Access
- Other:
- Water: None
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Parking Spaces: 16
- Lot Dimensions: 158.79 x 100
- Roof:
- Others: New Construction
- Sewer:
- Parking Features: Private
Financial Details
- Tax Amount: $7,102
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
8820 Avenue J Brooklyn, NY 11236
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