8820 Avenue J, Brooklyn, NY 11236

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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.

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.timberlandproperties.com today.

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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: 213
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

Demographics

Listed By / Shown By

Listing By

Agency Name: Blue Key Real Estate Brokerage
Agency Contact: 718-921-2280

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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