8820 Avenue J, Brooklyn, NY 11236

• 22,035 sqft

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.

Listing Status:

Active

Listing Office:

Blue Key Real Estate Brokerage : 718-921-2280

MLS ID:

930166

Interior

• Appliances: Stainless Steel Appliance(s)
• Basement: Storage Space
• Flooring: Wood
• A/C: ENERGY STAR Qualified Equipment
• Heating: Electric

Exterior

• Parking: Parking LotParking spaces: 16

Location

• Originating MLS: onekey2
• County: Kings (Brooklyn)

Lot

• Zoning: 08040-0043

Utilities

• Utilities: Electricity Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of Blue Key Real Estate Brokerage