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9110 Avenue L 2,620 SF Retail Building Brooklyn, NY 11236 $1,395,300 CAD ($532.56 CAD/SF) 7.54% 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 |
$147,344
|
$56.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,947
|
$1.12
|
| Effective Gross Income |
$144,397
|
$55.11
|
| Taxes |
$11,045
|
$4.22
|
| Operating Expenses |
$28,198
|
$10.76
|
| Total Expenses |
$39,243
|
$14.98
|
| Net Operating Income |
$105,154
|
$40.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,344 |
| Annual Per SF | $56.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,947 |
| Annual Per SF | $1.12 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $144,397 |
| Annual Per SF | $55.11 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,045 |
| Annual Per SF | $4.22 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $28,198 |
| Annual Per SF | $10.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $39,243 |
| Annual Per SF | $14.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $105,154 |
| Annual Per SF | $40.14 |
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
$1,395,300 CAD
Price Per SF
$532.56 CAD
Cap Rate
7.54%
NOI
$105,136 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 | $110,667 CAD (2026) |
| Land Assessment | $15,403 CAD (2026) | Annual Taxes | $11,045 CAD ($4.22 CAD/SF) |
| Improvements Assessment | $95,264 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
08256-0043
Land Assessment
$15,403 CAD (2026)
Improvements Assessment
$95,264 CAD (2026)
Total Assessment
$110,667 CAD (2026)
Annual Taxes
$11,045 CAD ($4.22 CAD/SF)
Tax Year
2025
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9110 Avenue L
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