1. New York
2. Brooklyn
3. 8820 Avenue J

8820 Avenue J, Brooklyn, NY 11236

• 50 beds |
• 50 baths |
• 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 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.

Listing Status:

Active

Listing Office:

Blue Key Real Estate Brokerage : 718-921-2280

MLS ID:

L3446376

Interior

• Appliances: Electric Water Heater
• Basement: FinishedWalk-Out Access
• A/C: ElectricENERGY STAR Qualified EquipmentSeparate Meters
• Heating: ElectricENERGY STAR Qualified Equipment
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Utilities

Financial

This listing courtesy of Blue Key Real Estate Brokerage