UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID L3446376
Bedrooms 50
Full Baths 50
HOA Y/N No
Rental Info No
Year Built 2016
Annual Tax Amount $7,102
Lot Dimensions 158.79 x 100
Source onekey2
Property Description
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Walk-Out Access
Interior
Heating Electric, ENERGY STAR Qualified Equipment
Cooling Electric, ENERGY STAR Qualified Equipment, Separate Meters
Fireplace No
Appliance Electric Water Heater
Exterior
Parking Features Private
Total Parking Spaces 16
Private Pool No
Building
Water None
Level or Stories Three Or More
Structure Type Brick
Schools
Elementary Schools Ps 279 Herman Schreiber
Middle Schools Science & Medicine Middle School
High Schools Brooklyn 18
School District Brooklyn 18
Others
Senior Community No
Special Listing Condition None
The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.