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 5.6%, 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.
22,035 Sq Ft
0.37 Private Acres Exterior Space
Commercial
$7,102 Annual Tax
Built in 2016
MLS/Listing ID L3446376
24 Units
Electric Water Heater
Cooling - Electric
Cooling - ENERGY STAR-qualified Equipment
Construction - Brick
Heating - Electric
Heating - ENERGY STAR Qualified Equipment
Parking - Private
Listing Courtesy of BLUE KEY REAL ESTATE BROKERAGE, REGINALD BRANNEN - 718-921-2280
Source of Data: ONEKEY MLS