8820 Avenue J, Brooklyn, NY

$10,500,000

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22,035

Square feet

0.37

Acres

About 8820 Avenue J

Perfect—here’s a clean, investor-focused description for that Canarsie property: Turn-Key 24-Unit Investment Property in Canarsie, Brooklyn An outstanding opportunity in the heart of Canarsie, Brooklyn—this well-maintained 24-unit brick building features all 2-bedroom, 2-bath apartments, ideal for steady rental demand. Tenants pay all utilities except water, with all-electric systems, eliminating the need for gas, boiler maintenance, or a compactor room. The building includes: Legal super’s unit Accessory office in the basement with half bath Additional storage rooms No elevator = lower maintenance 421A Tax Abatement in place Low operating expenses With a NOI of $649,000 and a Net Cap Rate of 6.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.

Features of 8820 Avenue J

MLS® # 930166
Price $10,500,000
Internal Footage 22,035
Square Footage 15908
Acres 0.37
Year Built 2016
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 8820 Avenue J
City Brooklyn
County Kings (Brooklyn)
State NY
Zip Code 11236

Amenities

Utilities Electricity Available
Parking Spaces 16
Parking Parking Lot
Is Waterfront No
Has Pool No

Interior

Interior Wood
Appliances Stainless Steel Appliance(s)
Heating Electric
Cooling ENERGY STAR Qualified Equipment
Fireplace No
# of Stories 3
Has Basement Yes
Basement Storage Space

Exterior

Construction Brick

Additional Information

Date Listed October 29th, 2025
Days on Market 345
Short Sale No
RE / Bank Owned Yes

Listing Details

Listing Provided Courtesy ofBlue Key Real Estate Brokerage
Contact Info718-921-2280

Listing Map

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