9623 Avenue M Brooklyn, NY 11236
Canarsie NeighborhoodEstimated payment $9,500/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 | 1 apt. 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, one apartment delivered vacant ALL others have 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 currently 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $7,636 | $58,800 | $11,460 | $47,340 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/30/2026 06/30/26 | Price Changed | $1,600,000 | -11.1% | $784 / Sq Ft | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $575,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.
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