Renovated Two-Family Home in
9617 Avenue M Brooklyn, NY 11236
9617 Avenue M, Brooklyn, NY, 11236
$1,800,000
For Sale
$1,800,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,960 SF
Lot Size0.06 Acres
Price / SF$918.37
Days on Market232
Property Features for 9617 Avenue M
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
- Interior features
- Laundry Area, Refrigerator, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5648
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Linoleum
- Building materials
- Wood Frame
- Roof type
- Flat
- Architectural style
- Ranch
Listing Agency
Brooklyn Real Property, Inc
(718) 272-8988
9201 Flatlands Avenue, Brooklyn, NY
Listed by
Jean Paul Ho
(718) 875-8899
Added: Dec 1, 2025 Updated: Jul 11 at 6:34 pm Checked: Jul 21 at 5:06 am
MLS# 497648
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Canarsie, off Rockaway Parkway, this fully detached two-family home features a three-bedroom apartment over a two-bedroom apartment. Renovated in 2022, the property is move-in ready with updated interiors and clean finishes. It can be delivered vacant, making it suitable for end-users, investors, or developers. The building size is 20 ft by 35 ft, with an interior square footage of approximately 1,935 sq ft, situated on a 2,400 sq ft lot (25.75 ft by 100 ft). The property includes a full finished accessory basement with a separate dedicated entrance, ideal for storage or bonus space, and a private backyard. The location is minutes from Rockaway Parkway, close to shopping, supermarkets, and restaurants, and near major bus lines and conveniences. There is a development opportunity to purchase this property together with the adjacent lot at 9623 Avenue M, which measures 30.5 ft by 100 ft (3,050 sq ft). Both properties can be delivered vacant, offering an excellent opportunity for developers seeking a combined footprint.
Key Highlights
- Fully detached 2‑family with a top 3‑bedroom unit over a first 2‑bedroom unit
- Newly renovated in 2022; can be delivered vacant
- Includes a full finished accessory basement with 3 bathrooms and a separate dedicated entrance
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.0k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $98.1k | $50.03 |
| − OpEx | −$29.4k | −$15.01 |
| NOI | $68.6k | $35.02 |
1,960 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$980.6K
$858.0K – $1.14M
NOI $68,643 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$854.8K
$748.0K – $997.3K
NOI $59,837 @ 7.0% cap · market cap 3.32%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,602 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached, renovated two-family home in Canarsie, delivered vacant.
Where is this duplex located?
The property is located at 9617 Avenue M Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fully detached 2‑family with a top 3‑bedroom unit over a first 2‑bedroom unit; Newly renovated in 2022; can be delivered vacant; Includes a full finished accessory basement with 3 bathrooms and a separate dedicated entrance
