9623 Avenue M, Brooklyn, New York, 11236

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 ½ 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