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9623 Avenue M
Brooklyn, NY 11236
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • High traffic 2 way street

EXECUTIVE SUMMARY

East 90's Canarsie Brooklyn. Totally NEWLY renovated from top to bottom in November 2019 to January 31 2020 LEGAL 3 family & store! Fully detached ALL brick building with full finished basement! 5 room apartment (2 bedroom EACH apartment unit) each 3 family! Plus Beauty salon Store front approx. 600 sq ft (20 ft wide frontage) & Huge FINISHED basement! Lot 30.5 ft x 100 ft & building size 20 ft x 51 ft New roof, siding, boiler & much more! 5 income producing plus billboard sign! Low Real Estate Taxes! Will not last! Cap rate 7% High traffic area & near all buses –Next to Minutes to Manhattan express bus, Canarsie pier & more! Start collecting your rent!! Call 718-288-9601 or 347-526-5131 ONLY
Income: 2nd floor Front $ 1,500.00 month (1 bedroom-NO LEASE)2nd floor Back $ 1,500.00 month (1 bedroom-NO LEASE)
Storefront: Beauty Salon $ 2,000.00 a month (March 2025)
1st floor Rear $1,700.00 a month (May 2021)
Basement- Super $ 1,000.00 month Storage Billboard sign $ 1000.00 =$ 8,700.00 a month = $104,400 yearly income!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,000 SF
Building Class
C
Year Built
1900
Price
$2,488,500 CAD
Price Per SF
$1,244.25 CAD
Cap Rate
6.22%
NOI
$154,840 CAD
Percent Leased
65%
Building Height
2 Stories
Building FAR
0.66
Lot Size
0.07 AC
Zoning
R4-1

AMENITIES

  • Bus Line
  • Fenced Lot
  • Property Manager on Site
  • Signage
  • Air Conditioning

ABOUT 9623 AVENUE M , BROOKLYN, NY 11236

East 90's Canarsie Brooklyn. Totally NEWLY renovated from top to bottom in November 2019 to January 31 2020 LEGAL 3 family & store! Fully detached ALL brick building with full finished basement! 5 room apartment (2 bedroom EACH apartment unit) each 3 family! Plus Beauty salon Store front approx. 600 sq ft (20 ft wide frontage) & Huge FINISHED basement! Lot 30.5 ft x 100 ft & building size 20 ft x 51 ft New roof, siding, boiler & much more! 5 income producing plus billboard sign! Low Real Estate Taxes! Will not last! Cap rate 6% High traffic area & near all buses –Next to Minutes to Manhattan express bus, Canarsie pier & more! Start collecting your rent!! Call 347-526-5131 ONLY Income: 2nd floor Front $ 1,500.00 month (1 bedroom-NO LEASE)2nd floor Back $ 1,500.00 month (1 bedroom-NO LEASE) Storefront: Beauty Salon $ 2,000.00 a month (March 2025) 1st floor Rear $1,700.00 a month (May 2021) Basement- Super $ 1,000.00 month Storage Billboard sign $ 500.00 =$ 8,200.00 a month = $98,400 yearly income! Storefront: Beauty Salon $ 2,000.00 a month (March 2025) 1st floor Rear $1,700.00 a month (May 2021) Basement- Super $ 1,000.00 month Storage Billboard sign $ 500.00 =$ 8,200.00 a month = $98,400 yearly income! Not including huge finished basement. New boiler, roof, siding, electric & much more! Just collect rent!

  • Listing ID: 15902775

  • Date on Market: 2019-04-29

  • Last Updated:

  • Address: 9623 Avenue M, Brooklyn, NY 11236

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