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9110 Avenue L 2,620 SF Retail Building Brooklyn, NY 11236 $1,515,041 CAD ($578.26 CAD/SF) 6.85% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic location
- Free Market
- ~7.0% Cap Rate
EXECUTIVE SUMMARY
Matheos Realty Group is pleased to present the exclusive offering of 9110 Avenue L, a renovated fully-occupied mixed-use property located in the heart of Canarsie, Brooklyn. The building features two residential apartments above a ground-floor retail space, collectively totaling a strong and reliable income stream. The building is fully occupied and currently generates approximately $105,600 in gross annual income and $75,363 in net operating income, supported by modest operating expenses of $28,125, offering investors a healthy cash-flowing asset.
Over the years, the owner has maintained the property with care, ensuring stable operations and dependable tenancy. The mixed-use configuration appeals to a broad renter base, balancing residential demand with a steady retail presence along a well-trafficked corridor. This combination of steady occupancy and low management intensity positions the asset as a secure, long-term hold with future rental upside.
Over the years, the owner has maintained the property with care, ensuring stable operations and dependable tenancy. The mixed-use configuration appeals to a broad renter base, balancing residential demand with a steady retail presence along a well-trafficked corridor. This combination of steady occupancy and low management intensity positions the asset as a secure, long-term hold with future rental upside.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$145,444
|
$55.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,909
|
$1.11
|
| Effective Gross Income |
$142,535
|
$54.40
|
| Taxes |
$10,903
|
$4.16
|
| Operating Expenses |
$27,834
|
$10.62
|
| Total Expenses |
$38,737
|
$14.79
|
| Net Operating Income |
$103,798
|
$39.62
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $145,444 |
| Annual Per SF | $55.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,909 |
| Annual Per SF | $1.11 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,535 |
| Annual Per SF | $54.40 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,903 |
| Annual Per SF | $4.16 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,834 |
| Annual Per SF | $10.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,737 |
| Annual Per SF | $14.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,798 |
| Annual Per SF | $39.62 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,620 SF
Building Class
C
Year Built/Renovated
1931/2018
Price
$1,515,041 CAD
Price Per SF
$578.26 CAD
Cap Rate
6.85%
NOI
$103,780 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.05 AC
Zoning
R5D, C1-3 - R5 - Medium density district with a height limit of 40 feet
Frontage
32’ on Avenue L
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08256-0043 | Total Assessment | $92,968 CAD |
| Land Assessment | $15,206 CAD | Annual Taxes | $10,903 CAD ($4.16 CAD/SF) |
| Improvements Assessment | $77,763 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08256-0043
Land Assessment
$15,206 CAD
Improvements Assessment
$77,763 CAD
Total Assessment
$92,968 CAD
Annual Taxes
$10,903 CAD ($4.16 CAD/SF)
Tax Year
2025
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9110 Avenue L
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