Log In/Sign Up
Your email has been sent.
9110 Avenue L 2,620 SF Retail Building Brooklyn, NY 11236 $1,100,000 ($419.85/SF) 6.85% Cap Rate
Investment Highlights
- High-traffic location provides strong retail visibility.
- Renovated, fully-occupied mixed-use asset in prime Canarsie.
- Well-maintained building with stable, low-intensity management.
- Generates $105,600 gross income and a healthy ~7% cap rate.
- Residential units are free market, offering rental upside.
- Mixed-use layout and high-traffic corridor ensure durable demand.
Executive Summary
Matheos Realty Group is pleased to present the exclusive offering of 9110 Avenue L, a renovated fully-occupied mixed-use property located in the heart of Canarsie, Brooklyn. The building features two residential apartments above a ground-floor retail space, collectively totaling a strong and reliable income stream. The building is fully occupied and currently generates approximately $105,600 in gross annual income and $75,363 in net operating income, supported by modest operating expenses of $28,125, offering investors a healthy cash-flowing asset.
Over the years, the owner has maintained the property with care, ensuring stable operations and dependable tenancy. The mixed-use configuration appeals to a broad renter base, balancing residential demand with a steady retail presence along a well-trafficked corridor. This combination of steady occupancy and low management intensity positions the asset as a secure, long-term hold with future rental upside.
Over the years, the owner has maintained the property with care, ensuring stable operations and dependable tenancy. The mixed-use configuration appeals to a broad renter base, balancing residential demand with a steady retail presence along a well-trafficked corridor. This combination of steady occupancy and low management intensity positions the asset as a secure, long-term hold with future rental upside.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,600
|
$40.31
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,112
|
$0.81
|
| Effective Gross Income |
$103,488
|
$39.50
|
| Taxes |
$7,916
|
$3.02
|
| Operating Expenses |
$20,209
|
$7.71
|
| Total Expenses |
$28,125
|
$10.73
|
| Net Operating Income |
$75,363
|
$28.76
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,600 |
| Annual Per SF | $40.31 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,112 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $103,488 |
| Annual Per SF | $39.50 |
| Taxes | |
|---|---|
| Annual | $7,916 |
| Annual Per SF | $3.02 |
| Operating Expenses | |
|---|---|
| Annual | $20,209 |
| Annual Per SF | $7.71 |
| Total Expenses | |
|---|---|
| Annual | $28,125 |
| Annual Per SF | $10.73 |
| Net Operating Income | |
|---|---|
| Annual | $75,363 |
| Annual Per SF | $28.76 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,620 SF
Building Class
C
Year Built/Renovated
1931/2018
Price
$1,100,000
Price Per SF
$419.85
Cap Rate
6.85%
NOI
$75,350
Tenancy
Single
Building Height
2 Stories
Building FAR
1.20
Lot Size
0.05 AC
Zoning
R5D, C1-3 - R5 - Medium density district with a height limit of 40 feet
Frontage
32’ on Avenue L
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 08256-0043 | Total Assessment | $67,500 |
| Land Assessment | $11,040 | Annual Taxes | $7,916 ($3.02/SF) |
| Improvements Assessment | $56,460 | Tax Year | 2025 |
Property Taxes
Parcel Number
08256-0043
Land Assessment
$11,040
Improvements Assessment
$56,460
Total Assessment
$67,500
Annual Taxes
$7,916 ($3.02/SF)
Tax Year
2025
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
9110 Avenue L
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.