Buy with Yoreevo
$11,442,500
List Price: $11,500,000
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8820 Avenue J
Apartment in Canarsie •  building info
50bd • 50ba • 15,908ft² $723 per ft²
Buy with Yoreevo

$11,442,500

List Price

$11,500,000

Key Details
Days on market
911
Last price change
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Estimated payment
$65,419/mo
Taxes
N/A
Maintenance
N/A
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$11,500,000
Asking Price: $11,500,000
Term
30 Years
Down Payment
$1,150,000 (10%)
Min: 10% (1,150,000)
Rate
6.5 %
Mortgage Amount
$10,350,000
Mortgage Payment
$65,419
Estimated Yoreevo rebate
$57,500
Estimated closing cost
$381,000
Total monthly cost $65,419
Buy your dream home with us and get an estimated $57,500 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Blue Key Brokerage

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.