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9110 Avenue L 2,620 SF Retail Building Brooklyn, NY 11236 $1,510,080 CAD ($576.37 CAD/SF) 6.85% Cap Rate
Investment Highlights
- High-traffic location provides strong retail visibility.
- Renovated, fully-occupied mixed-use asset in prime Canarsie.
- Well-maintained building with stable, low-intensity management.
- Generates $105,600 gross income and a healthy ~7% cap rate.
- Residential units are free market, offering rental upside.
- Mixed-use layout and high-traffic corridor ensure durable demand.
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 |
$144,968
|
$55.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,899
|
$1.11
|
| Effective Gross Income |
$142,068
|
$54.22
|
| Taxes |
$10,867
|
$4.15
|
| Operating Expenses |
$27,743
|
$10.59
|
| Total Expenses |
$38,610
|
$14.74
|
| Net Operating Income |
$103,458
|
$39.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $144,968 |
| Annual Per SF | $55.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,899 |
| Annual Per SF | $1.11 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,068 |
| Annual Per SF | $54.22 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,867 |
| Annual Per SF | $4.15 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,743 |
| Annual Per SF | $10.59 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,610 |
| Annual Per SF | $14.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $103,458 |
| Annual Per SF | $39.49 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,620 SF
Building Class
C
Year Built/Renovated
1931/2018
Price
$1,510,080 CAD
Price Per SF
$576.37 CAD
Cap Rate
6.85%
NOI
$103,440 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
Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08256-0043 | Total Assessment | $92,546 CAD |
| Land Assessment | $15,136 CAD | Annual Taxes | $10,867 CAD ($4.15 CAD/SF) |
| Improvements Assessment | $77,409 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08256-0043
Land Assessment
$15,136 CAD
Improvements Assessment
$77,409 CAD
Total Assessment
$92,546 CAD
Annual Taxes
$10,867 CAD ($4.15 CAD/SF)
Tax Year
2025
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9110 Avenue L
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