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!
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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