8820 Avenue J Brooklyn, NY 11236

$11,500,000
50
Beds
50
Baths
0.37
Acres
$11,500,000
50
Beds
50
Baths
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Perfect—here’s a clean, investor-focused description for that Canarsie property:Turn-Key 24-Unit Investment Property in Canarsie, BrooklynAn 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 unitAccessory office in the basement with half bathAdditional storage roomsNo elevator = lower maintenance421A Tax Abatement in placeLow operating expensesWith 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.

Perfect—here’s a clean, investor-focused description for that Canarsie property:Turn-Key 24-Unit Investment Property in Canarsie, BrooklynAn 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 unitAccessory office in the basement with half bathAdditional storage roomsNo elevator = lower maintenance421A Tax Abatement in placeLow operating expensesWith 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Kings (Brooklyn)
  • Tax Amount
    $7,102
  • Status
    Active
  • Listing #
    L3446376
  • Built
    2016
  • Lot Size
    0.37
  • Listed on site
    244 days

Listed by:
Blue Key Real Estate Brokerage

Source:
MLSLI

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School Info

Property details

Community Features

  • No HOA

Exterior features

  • No Pool

Interior Features

  • Heat Electric
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Realtor
Photo of Salman Butt