About the Listing CHRU01 - 169510,110205

Rare Canarsie Two-Family Opportunity – 1331 E 86th Street Welcome to this rarely available two-family home in the heart of Canarsie, offering flexibility for both end-users and investors. True two-family properties with parking are increasingly hard to find in this neighborhood, making this a standout opportunity. The property features a second-floor 2-bedroom, 1-bath apartment and a first-floor 1-bedroom apartment. The second-floor unit includes access to a laundry room located on the first floor, adding everyday convenience and long-term value. The first-floor 1-bedroom apartment is currently rented, providing steady income. The second-floor unit is presently occupied and may be delivered vacant, subject to tenant status at closing—creating potential for future owner occupancy or rental repositioning. A key highlight is dedicated 1-car parking for the owner, a valuable and increasingly rare feature in Canarsie that enhances both livability and resale appeal. Situated on a quiet residential block, the home is conveniently located near transportation, shopping, schools, and neighborhood amenities, while still maintaining the residential feel Canarsie is known for. Important 1031 Exchange Notice: This sale is part of a 1031 exchange. Buyer must be willing to cooperate with the seller’s exchange requirements, including allowing time for the seller to identify and close on a replacement property. No additional cost or liability to the buyer. Whether you’re planning for future owner-occupancy or seeking a solid income-producing property with upside, 1331 E 86th Street represents a true Canarsie rarity.

Listing Highlights