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9110 Avenue L 2,620 SF Retail Building Brooklyn, NY 11236 $1,495,131 CAD ($570.66 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 |
$143,533
|
$54.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,871
|
$1.10
|
| Effective Gross Income |
$140,662
|
$53.69
|
| Taxes |
$10,760
|
$4.11
|
| Operating Expenses |
$27,468
|
$10.48
|
| Total Expenses |
$38,228
|
$14.59
|
| Net Operating Income |
$102,434
|
$39.10
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,533 |
| Annual Per SF | $54.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,871 |
| Annual Per SF | $1.10 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $140,662 |
| Annual Per SF | $53.69 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,760 |
| Annual Per SF | $4.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $27,468 |
| Annual Per SF | $10.48 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,228 |
| Annual Per SF | $14.59 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,434 |
| Annual Per SF | $39.10 |
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
$1,495,131 CAD
Price Per SF
$570.66 CAD
Cap Rate
6.85%
NOI
$102,416 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 | $93,724 CAD |
| Land Assessment | $15,329 CAD | Annual Taxes | $10,760 CAD ($4.11 CAD/SF) |
| Improvements Assessment | $78,395 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08256-0043
Land Assessment
$15,329 CAD
Improvements Assessment
$78,395 CAD
Total Assessment
$93,724 CAD
Annual Taxes
$10,760 CAD ($4.11 CAD/SF)
Tax Year
2025
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9110 Avenue L
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