BEDS0
BATHS
MLS#930166
STATUSActive
PROPERTY TYPECommercial - Foreclosure
Property 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 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.
Property Features
Property Type: Commercial - Foreclosure
Basement: Storage Space
Cooling: ENERGY STAR Qualified Equipment
Heating: Electric
Lot Size: 0.37 Acres
Stories: 3.0
Taxes: $7,102
Year Built: 2016
Feature Descriptions
Appliances: Stainless Steel Appliance(s)
Building Area Total: 22035
Building Features: Walk Up
Days on Site: 246
Exterior: Brick
Flooring: Wood
Heating Units: 72
Heating Zones: 72
Included In Taxes: Trash
On Market Date: 2025-10-29
Parcel Number: 08040-0043
Parking Features: Parking Lot
Parking Total: 16
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 24
Separate Gas Meters: 0
Sewer: Public Sewer
Trash Expense: 10000
Units: 24
Utilities: Electricity Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: Blue Key Real Estate Brokerage
Agency Contact: 718-921-2280
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
TOUR PROPERTY
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Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/03/2026. The listing information on this page last changed on 07/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/03/2026 12:00:16 AM EST) or NJMLS/ IDX (last updated Thu 07/02/2026 11:23:56 PM EST) or OneKey MLS (last updated Thu 07/02/2026 11:53:36 PM EST) or REBNY MLS (last updated Thu 07/02/2026 9:21:55 PM EST). Real estate listings held by brokerage firms other than Joyce Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. 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.
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8820 Avenue J | MLS# 930166
This commercial property located at 8820 Avenue J, Brooklyn, NY 11236 is currently listed for sale with an asking price of $10,500,000. Search Brooklyn real estate on www.joycerealty.com today.