8820 Avenue J, Brooklyn, NY 11236
8820 Avenue J, Brooklyn, NY 11236
8820 Avenue J, Brooklyn, NY 11236
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$10,500,000
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0.37 Acres Lot
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

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Canarsie

MLS Listing ID 930166

Rental Info No

Year Built 2016

Annual Tax Amount $7,102

Lot Size 0.365 Acres

Acres 0.3652

Property Sub-Type Multi Family

Source onekey2

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.

Location

State NY

County Kings (brooklyn)

Rooms

Basement Storage Space

Interior

Heating Electric

Cooling ENERGY STAR Qualified Equipment

Flooring Wood

Fireplace No

Appliance Stainless Steel Appliance(s)

Exterior

Parking Features Parking Lot

Utilities Available Electricity Available

Total Parking Spaces 16

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition Real Estate Owned

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Blue Key Real Estate Brokerage • Reginald Brannen

NEARBY SCHOOL & BUSINESS

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Jose Agudo

Jose Agudo

Agent

+1(917) 674-8131

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8820 Avenue J

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