About 8820 Avenue J, Brooklyn, New York, 11236
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 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.

Street Address: 8820 Avenue J
City: Brooklyn
State: New York
Postal Code: 11236

Property Information :
Listing Status: Active
Lot Size: 0.37 Acres
MLS #: 930166
Price: $10,500,000
Construction Status: Built in 2016
Last Modified : Mar 2 2026 3:45AM

Courtesy of: Reginald Brannen, Blue Key Real Estate Brokerage (MLS# BLKE01)
Source MLS: OneKey