8820 Avenue J, Brooklyn, NY 11236

$10,500,000

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List Price
$10,500,000
Status
ACTIVE
Days on Market
325
MLS#
930166
Subtype
Commercial Sale
Foreclosure
Yes
Year Built
2016
Lot Size
15,908
Acres
0.37
Building Name
8820

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.

Additional Information

Taxes
$7,102
Flooring
Wood
Appliances
Stainless Steel Appliance(s)
Heating
Electric
Air Conditioning
ENERGY STAR Qualified Equipment
Stories
3
Parking
Parking Lot
Parking Features
Parking Lot

Mortgage Calculator

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Calculator source: Real Geeks

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.