9623 Avenue M

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 ½ 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