8820 Avenue J, Brooklyn, NY, 11236
$10,500,000
Multi Family
Commercial
50 Beds
, 50 Full Bath
, 22035 SqFt
Details
ML#: 3446376
- # of Families: 24
- Sale or Rent:Sale
- Year Built: 2016
- Taxes: $7,102
- Status:Active
Description
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.
More Property Details
Bedroom: 50
Full Bath: 50
Lot Sq Ft: 15908
Approx. Int. Sq. Ft.: 22035.00
Parking Spaces: Yes
Parking Spaces: 16
Parking Facilities: Private
Heat: Electric, ENERGY STAR Qualified Equipment
A/C: Electric, ENERGY STAR Qualified Equipment, Separate Meters
Water: None
Taxes: $7,102
Maintenance: $10,000
School District: Ps 279 Herman Schreiber
Listing Information provided courtesy of
Blue Key Real Estate Brokerage
718-921-2280