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    Renovated Two-Family Home in Canarsie

    9617 Avenue M Brooklyn, NY 11236

    9617 Avenue M, Brooklyn, NY, 11236
    $1,800,000
    For Sale
    Claim this Listing
    $1,800,000

    MULTI_FAMILY - Brooklyn, NY

    Property Size1,960 SF
    Lot Size0.06 Acres
    Price / SF$918.37
    AddedDec 1, 2025
    Days on Market227
    Last RefreshJul 16 at 2:06 am

    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 agent Jean Paul Ho

    Listing office Brooklyn Real Property, Inc 9201 Flatlands Avenue, Brooklyn, NY

    Listing date Dec 1, 2025

    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 (±1% cap)
    NOI $68,643 @ 7.0% cap · market cap 3.81%
    Second Best
    Apartment 5plus
    $854.8K
    $748.0K – $997.3K (±1% cap)
    NOI $59,837 @ 7.0% cap · market cap 3.32%
    Theoretical Best
    Specialty Retail
    $1.62M
    $1.42M – $1.89M (±1% cap)
    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

    Suggested Use

    Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture Cafe & Coffee Shop Building Supply Auto Parts Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

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    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
    Contact an agent
    (718) 875-8899
    We can help!
    Contact an agent
    Jean Paul Ho
    Jean Paul Ho
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