Prime East 90s Canarsie – Exceptional Legal 3-Family + Store Investment Opportunity!
Rare opportunity to own a fully detached all-brick mixed-use building in the heart of Canarsie. Completely renovated from November 2019 through January 31, 2020, this well-maintained property offers strong cash flow with excellent upside potential.
The building features three legal residential apartments, each offering 5 rooms with 2 spacious bedrooms, and no existing leases, providing maximum flexibility for investors or owner-occupants. 2nd floor front apartment Vacant!! Only Storefront has lease - all other are free market month to month tenancy (NO LEASES)!
The ground floor includes an approximately 600 sq. ft. beauty salon storefront with an impressive 20-foot frontage on a high-traffic street. A full finished basement with three separate entrances offers additional storage and functional space.
Property highlights include:
Legal 3-family plus commercial storefront
Fully detached all-brick construction
Complete renovation (2019–2020)
Three 2-bedroom residential apartments
No residential leases
Approximately 600 sq. ft. commercial storefront
Full finished basement with three entrances
New roof, siding, boiler, and numerous additional upgrades
Building size: 20' x 51'
Lot size: 30.5' x 100'
Five income-producing sources, including extra billboard sign
Estimated 7% capitalization rate
Exceptionally low annual real estate taxes of only $7,338
Conveniently located near shopping, schools, restaurants, and public transportation, including local buses and the Manhattan Express Bus. Just minutes from the Canarsie Pier, parks, and neighborhood amenities.
Whether you're expanding your investment portfolio or seeking a high-income mixed-use property, this is an outstanding opportunity with immediate income and long-term appreciation potential.
Start collecting rental income from day one—properties like this are hard to find and won't last!
Active
Price cut: $1K (7/24)
$1,599,000
9623 Avenue N, Brooklyn, NY 11236
6beds
2,040sqft
Single Family Residence
Built in 1931
-- sqft lot
$-- Zestimate®
$784/sqft
$-- HOA
What's special
New roofFull basementBillboard sign
- 344 days
- 122
- 0
Zillow last checked:
Listing updated:
Listed by:
Brooklyn Real Property Inc 718-713-6888,
Siu Yee (Venus) Shum
Source: StreetEasy,MLS#: S1793163
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Media Room, Package Room
Appliances
- Laundry: Inside
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,040
- Total interior livable area: 2,040 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Courtyard, Garden
- Has view: Yes
- View description: Garden
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1931
Community & HOA
Community
- Subdivision: Canarsie
HOA
- Has HOA: Yes
- Amenities included: Laundry
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $784/sqft
- Annual tax amount: $7,344
- Date on market: 9/30/2025
Estimated market value
Not available
Estimated sales range
Not available
$5,465/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Price change | $1,599,000-0.1%$784/sqft |
Source: StreetEasy #S1793163 Report a problem | ||
| 7/9/2026 | Price change | $1,600,000-11.1%$784/sqft |
Source: StreetEasy #S1793163 Report a problem | ||
| 11/19/2025 | Price change | $1,800,000+6.5%$882/sqft |
Source: StreetEasy #S1793163 Report a problem | ||
| 9/30/2025 | Listed for sale | $1,690,000$828/sqft |
Source: StreetEasy #S1793163 Report a problem | ||
Public tax history
Tax history is unavailable.




