1606 Canarsie Rd Brooklyn, NY 11236
This exceptional investment opportunity presents a 1-square-foot retail space located at 1606 Canarsie Road in Brooklyn, New York, 11236, Kings County. Listed at $849,000, this property offers a unique proposition for investors seeking a high-value, compact retail presence. While the square footage is listed as 1 square foot, the provided marketing description details a 2-family home with significant potential for redevelopment or repurposing into a retail space. The property's location in the heart of Canarsie offers convenient access to the Canarsie Pier and the Belt Parkway, ensuring high visibility and accessibility. The existing structure features a 3-bedroom unit over a 2-bedroom unit, plus a finished basement accessible from both inside and outside. An enclosed backyard provides additional space. Recent improvements include a new roof (installed within the past year), a recently replaced hot water heater, and a furnace replaced approximately six years ago. While the property requires updating, this presents a chance to customize the space to meet specific retail needs. Please allow 24-48 hours' notice for showings. This is an ideal opportunity for an investor seeking a high-value, strategically located property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.