Detached Two-Family
For Sale
$1,800,000
9617 Avenue M, Brooklyn, NY 11236
Residential, High Ranch, Brooklyn, NY
Property Size1,960 SF
Lot Size0.06 Acres
Price / SF$918.37
Days on Market330
Property Features for 9617 Avenue M
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1
Interior features
Laundry Area, Refrigerator, Washer
Basement
Finished
Subdivision
Canarsie
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
Hardwood, Tile, Linoleum
Building materials
Wood Frame
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Jean Paul Ho
(718) 875-8899
Added: Dec 1, 2025
Changed: Oct 20
Last Checked: Oct 27 at 6:06AM
MLS# 497648
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.
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Investment Insights
Based on property information with market context.
This fully detached duplex contains two residential apartments, configured with a three-bedroom unit above a two-bedroom unit. The property includes a finished accessory basement with its own entrance, a private backyard, and interior updates completed in 2022. Hardwood, linoleum, and tile flooring are present, along with a laundry area, refrigerator, and washer. The building dates to 1925 and uses wood-frame construction with a flat roof.
The property is located on Avenue M in Brooklyn, near Rockaway Parkway. Shopping, supermarkets, restaurants, and major bus lines are situated nearby. The residence is zoned R4-1 and can be delivered vacant, providing flexibility for occupancy or repositioning.
The property is located on Avenue M in Brooklyn, near Rockaway Parkway. Shopping, supermarkets, restaurants, and major bus lines are situated nearby. The residence is zoned R4-1 and can be delivered vacant, providing flexibility for occupancy or repositioning.
Key Highlights
- Fully detached two‑family property with a 3‑bedroom apartment over a 2‑bedroom apartment
- Renovations completed in 2022
- Finished accessory basement with a dedicated entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,643
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,860
$1.4M
Cap Rate 7%
$980,614
$980.6K
Cap Rate 9%
$762,700
$762.7K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$100.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$98.1K $50.03/SF
− OpEx
−$29.4K −$15.01/SF
NOI
$68.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,372,860
Cap Rate 7%
$980,614
Cap Rate 9%
$762,700
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 authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit residence with separate apartments, a finished accessory basement, and private outdoor space.
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 two‑family property with a 3‑bedroom apartment over a 2‑bedroom apartment; Renovations completed in 2022; Finished accessory basement with a dedicated entrance
