Renovated Canarsie Two-Family
9617 AVE M Brooklyn, NY 11236
9617 AVE M, Brooklyn, NY, 11236
$1,800,000
For Sale
$1,800,000
Detached, renovated two-family in Canarsie, delivered vacant.
Property Size1,935 SF
Lot Size0.06 Acres
Price / SF$930.23
Days on Market128
Property Features for 9617 AVE M
General Information
- Standard status
- Active
- Size
- 1,935 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency
Brooklyn Real Property Inc.
(718) 875-8899
Listed by
Jean Paul Ho
(718) 875-8899
Source
Elliman
Added: Mar 12 Checked: Jul 17 at 3:48 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brooklyn Real Property Inc.
Investment Insights
Based on property information with market context.
Located off Rockaway Parkway in Canarsie, this fully detached legal two-family home features a three-bedroom apartment over a two-bedroom apartment. Renovated in 2022, the property is move-in ready and can be delivered vacant, making it suitable for end-users, investors, or developers. The building has approximate interior square footage of 1,935 sq ft on a 2,400 sq ft lot (25.75 ft x 100 ft). The building size is 20 ft x 35 ft. It also includes a full finished accessory basement with a separate dedicated entrance, suitable for storage or bonus space, and a private backyard. The property is located steps from Rockaway Parkway, close to shopping, supermarkets, restaurants, and major bus lines. There is a development opportunity to purchase this property together with the adjacent lot at 9623 Avenue M, which measures 30.5 ft x 100 ft (3,050 sq ft). Both properties can be delivered vacant, offering developers a combined footprint.
Key Highlights
- Fully detached legal 2‑family home delivered vacant
- Renovated in 2022 - move‑in ready
- Prime Canarsie location off Rockaway Parkway
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 | $98.7k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $96.8k | $50.03 |
| − OpEx | −$29.0k | −$15.01 |
| NOI | $67.8k | $35.02 |
1,935 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$968.1K
$847.1K – $1.13M
NOI $67,767 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$843.9K
$738.4K – $984.6K
NOI $59,074 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,153 @ 7.0% cap · market cap 6.23%
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 in Canarsie, delivered vacant.
Where is this duplex located?
The property is located at 9617 AVE 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 legal 2‑family home delivered vacant; Renovated in 2022 - move‑in ready; Prime Canarsie location off Rockaway Parkway
