9623 Avenue M Brooklyn, NY 11236
Canarsie NeighborhoodEstimated payment $9,948/month
Highlights
- Wood Flooring
- Back, Front, and Side Yard
- Heating System Uses Steam
- Fenced Yard
- Hot Water Heating System
About This Home
Prime Canarsie – Rockaway Parkway & Avenue M
Detached Brick Mixed-Use Building | 3-Family + Storefront | Delivered Vacant Exceptional investment opportunity in a high-visibility Rockaway Parkway location! This detached brick mixed-use property offers a 3-family plus a commercial storefront, all delivered vacant with no leases—perfect for owners, users, or investors seeking strong returns. Storefront / Commercial Space Corner exposure with huge signage potential on Rockaway Parkway Approx. 20 ft front exposure with enclosed front yard Private 1⁄2 bath Previously a hair salon High ceilings, separate entrance & separate water meter Ideal for retail, salon, office, medical, boutique, and many other uses Residential Units Two apartments, each 1-bedroom (can be used as 2-bedrooms) with private entrances Rear first-floor apartment: true 2-bedroom with large enclosed private backyard All units vacant—set your own rents! Basement Fully Two separate entrances Full bathroom Perfect for storage or additional accessory space Property Details Lot: 30.5 × 100 Building: 20 × 51 Unused FAR: 1,006 sq ft for potential expansion Real Estate Taxes: only $7,544/year New boiler and multiple upgrades Excellent CAP rate Additional Purchase Opportunity Can also be purchased together with 9617 Avenue M Lot: 25.75 × 100 (2,400 sq ft) Combined lot size: 5,450 sq ft (3,050 + 2,400) Location Highlights In front of Express Bus to Manhattan & Downtown Brooklyn Across from shopping center & restaurants Near Rockaway Pier, Belt Parkway, parks & recreation Strong neighborhood foot traffic
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,544
Lot Details
- 3,050 Sq Ft Lot
- Lot Dimensions are 100 x 31
- Fenced Yard
- Back, Front, and Side Yard
- Property is zoned R4-1
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Plaster Walls
Interior Spaces
- 2,040 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Carpet
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Utilities
- Hot Water Heating System
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 8261
Community Details
Overview
- 3 Units
Building Details
- 4 Vacant Units
- Fuel Expense $3,000
- Insurance Expense $6,500
- Utility Expense $2,000
- Gross Income $105,600
- Net Operating Income $83,686
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,578 | $53,940 | $11,460 | $42,480 |
| 2024 | $7,578 | $53,040 | $11,460 | $41,580 |
| 2023 | $7,229 | $46,860 | $11,460 | $35,400 |
| 2022 | $6,704 | $38,340 | $11,460 | $26,880 |
| 2021 | $6,667 | $31,680 | $11,460 | $20,220 |
| 2019 | $7,079 | $33,840 | $11,460 | $22,380 |
| 2018 | $7,339 | $36,000 | $11,199 | $24,801 |
| 2017 | $6,985 | $34,267 | $11,323 | $22,944 |
| 2016 | $6,463 | $32,328 | $11,105 | $21,223 |
| 2015 | $3,679 | $31,536 | $12,115 | $19,421 |
| 2014 | $3,679 | $30,000 | $12,240 | $17,760 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/01/2025 12/01/25 | For Sale | $1,800,000 | 0.0% | $882 / Sq Ft | |
| 11/10/2020 11/10/20 | Rented | $1,500 | -99.7% | -- | |
| 10/21/2020 10/21/20 | Under Contract | -- | -- | -- | |
| 01/16/2019 01/16/19 | Sold | $575,000 | -- | $282 / Sq Ft | View Prior Sale |
| 08/21/2018 08/21/18 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $575,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $353,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 497647
APN: 08261-0002
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