Listing Notes
Exceptional investment opportunity in Canarsie. This newly constructed, two-family home offers immediate, reliable cash flow with $5,210 in monthly rental income from voucher-assisted tenants with steady payments. The property features a two-bedroom first-floor apartment rented for $2,900 per month and a one-bedroom second-floor apartment rented for $2,310 per month, generating $62,520 in annual gross rental income. The basement is currently vacant, providing additional storage or recreational space, subject to applicable laws and permitted use. Property highlights include modern kitchens and bathrooms, open-concept layouts, separate entrances, a private concrete driveway, and a large fenced yard. Conveniently located near shopping, restaurants, parks, public transportation, and major roadways. This is an excellent opportunity to acquire a stabilized, income-producing property with dependable rental income from day one.
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $450,000 to $1,019,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1364 E 92nd St Unit 101 | $450,000 | 2 bd · 2 ba |
| 1223 E 89th St | $649,000 | 3 bd · 3 ba |
| 1225 E 88th St | $699,000 | 3 bd · 3 ba |
| 1331 E 86th St | $719,000 | 3 bd · 2 ba |
| 8911 Avenue M | $749,999 | 4 bd · 3 ba |
| 1241 E 89th St | $750,000 | 5 bd · 2 ba |
| 1546 Canarsie Rd | $750,000 | 3 bd · 2 ba |
| 1271 E 88th St | $759,000 | 3 bd · 3 ba |
| 9215 Avenue L | $775,000 | 6 bd · 2 ba |
| 8913 Avenue M | $795,000 | 4 bd · 2 ba |
| 1259 E 89th St | $799,000 | 4 bd · 3 ba |
| 1259 E 87th St | $799,000 | 3 bd · 2 ba |
| 1350 E 85th St | $819,000 | 3 bd · 2 ba |
| 1204 E 84th St | $849,888 | 5 bd · 3 ba |
| 9024 Avenue L | $850,000 | 5 bd · 2 ba |
| 1386 Remsen Ave | $870,000 | 5 bd · 3 ba |
| 1386 Remsen Ave | $870,000 | 5 bd · 3 ba |
| 1225 E 85th St | $899,999 | 6 bd · 4 ba |
| 1410 E 89th St | $989,000 | 4 bd · 4 ba |
| 1440 E 91st St Unit 2 | $999,000 | 7 bd · 3 ba |
| 1241 E 85th St | $999,000 | 6 bd · 3 ba |
| 1243 E 91st St | $999,000 | 5 bd · 3 ba |
| 8702 Avenue J | $999,999 | 3 bd · 2 ba |
| 1438 E 95th St | $1,019,000 | 6 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more