NY > Brooklyn
Brooklyn, NY 11236,8820 Avenue J
Brooklyn, NY 11236,8820 Avenue J
Brooklyn, NY 11236,8820 Avenue J
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$11,500,000
Est. payment /mo
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50 Beds
50 Baths
Active

8820 Avenue J Brooklyn, NY 11236

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Jose Agudo

Jose Agudo

+1(917) 674-8131

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID KEYL3446376

Bedrooms 50

Full Baths 50

HOA Y/N No

Originating Board onekey2

Rental Info No

Year Built 2016

Annual Tax Amount $7,102

Lot Dimensions 158.79 x 100

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 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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Finished, Walk-Out Access

Interior

Heating Electric, ENERGY STAR Qualified Equipment

Cooling Electric, ENERGY STAR Qualified Equipment, Separate Meters

Fireplace No

Appliance Electric Water Heater

Exterior

Parking Features Private

Total Parking Spaces 16

Private Pool No

Building

Water None

Level or Stories Three Or More

Structure Type Brick

Schools

Elementary Schools Ps 279 Herman Schreiber

Middle Schools Science & Medicine Middle School

High Schools Urban Action Academy

School District Brooklyn 18

Others

Senior Community No

Special Listing Condition None

Listed by Blue Key Real Estate Brokerage

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agent

Jose Agudo

Agent

+1(917) 674-8131

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8820 Avenue J

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