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
- Free Market
- ~7.0% Cap Rate
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
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 22
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.