Detached Brick Mixed-Use Building in Canarsie, Brooklyn

Discover an exceptional investment opportunity in the prime Canarsie neighbourhood, where this detached brick mixed-use building awaits. Legal for three-family residence and featuring a commercial storefront, the property is delivered vacant with no leases, presenting ideal prospects for owners, users, or investors seeking strong returns.

The commercial space boasts corner exposure on Rockaway Parkway, providing an approximate 20 ft front exposure with excellent signage potential and a separate entrance. Previously utilised as a hair salon, this space features high ceilings, an enclosed front yard, and a private half bath, making it suitable for various retail, office, and medical uses.

The residential component includes two one-bedroom apartments, each with potential for two-bedroom use, and a true two-bedroom unit on the first floor, complete with a large enclosed private backyard. With all units vacant, you have the freedom to set your own rents. The property also includes a basement with two separate entrances and a full bathroom, providing ample storage or additional accessory space.

Set on a generous lot of 30.5 x 100 feet, this building benefits from a low annual property tax of only $7,544 and offers unused FAR of 1,006 sq ft for potential expansion. Recent upgrades, including a new boiler, ensure a solid CAP rate, further enhancing this investment's appeal. Additionally, there is the opportunity to purchase the adjacent lot at 9617 Avenue M, expanding the potential of this already robust offering.