Milton Coste

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(917) 416-7433

Under Contract – Backup offers may be accepted

1589 Canarsie Road

Pending · Listing by Compass

1589 Canarsie Road

Canarsie, Brooklyn

$850,000

Interested in this property?
Pending For Sale Mixed Use

$850,000

$425 per sq ft

1589 Canarsie Road

Canarsie, Brooklyn

MLS® #RLS20078055

RLS at REBNY

Listing by Compass

2
Bedrooms
2
Baths
2,000
Sq. Ft.
1901
Year Built

Quick Summary

Bedrooms 2
Bathrooms 2
Living Area 2,000 sq ft
Lot Size 1,941.78 sq ft
Year Built 1901
Ownership None
Property Taxes $5,164.92/yr
Neighborhood Canarsie
Floor 1 of 2

Property Highlights

  • Character: Pre-war building (1901)

Property Details

Type Mixed Use
Ownership None
Total Rooms 4
Baths 2 Full
Floor 1 of 2
Pets Yes
Year Built 1901
Living Area 2,000 sq ft
Structure Type MixedUse
Furnished Unfurnished
Basement Full
Lot Size 1,941.78 sq ft
Parcel # 08277-0012
Block/Lot 08277/0012

Listing History

Event Date Price Change
Listed Mar 18, 2026 $850,000 -
Currently Aug 26, 2026 $850,000 -

Description

Exceptional opportunity to acquire a 2,000 square foot mixed-use building in the Canarsie section of Brooklyn. This income-producing property features a fully operational laundromat on the ground floor and a two-bedroom residential apartment above, offering a strong combination of commercial and residential revenue. The commercial space is currently operating as a neighborhood laundromat equipped with approximately 18 washers and 20 dryers, serving the surrounding residential community and benefiting from consistent daily demand. The second-floor two-bedroom apartment provides additional rental income, making the property well-suited for investors seeking a stable mixed-use asset or for an owner-operator looking to run their own business while collecting residential rent. The property also includes accessible on-site parking, a valuable amenity for both customers and residents. Positioned on Canarsie Road, a well-traveled corridor, the building benefits from strong neighborhood density and visibility. This is a rare opportunity to own a turnkey mixed-use property in a growing Brooklyn neighborhood with strong income potential. Property Features: Mixed-use building (commercial + residential) Approximately 2,000 sq ft building size Ground-floor laundromat with 18 washers and 20 dryers Second-floor two-bedroom residential unit Accessible on-site parking High visibility location in Canarsie Strong investment and income potential

Features & Amenities

Interior Features

See Remarks

Exterior Features

Private Outdoor Space Under60 Sqft

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure MixedUse

Financial Details

RE Taxes $5,164.92/yr ($430/mo)

Canarsie is a residential Brooklyn neighborhood where the L train terminates at Rockaway Parkway, connecting residents to Williamsburg and Manhattan's 14th Street corridor. The housing stock spans single-family detached homes, mid-century split-levels, brick rowhouses, and low-rise condominiums on tree-lined streets. The 132-acre Canarsie Park and Canarsie Pier on Jamaica Bay provide extensive waterfront recreation, sports fields, and fishing access along the neighborhood's southern edge.

Canarsie Live Market Data

View Neighborhood

Active Listings

26

Median Asking Price

$862K

Median $/Sqft

$461

Avg Days on Market

N/A

New This Week

3

Price Reduced

27%

Sold (30 Days)

1

Median Sale Price

$795K

Live data from RLS at REBNY • Updated 8/26/26, 1:59 PM EST

Similar Listings in Canarsie

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Location

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1589 Canarsie Road, Canarsie, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1901
Year Built
125 years old
2
Floors
1
Residential Units
R4-1
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $49,860
Land Value: $10,020
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,942 SF
Building Area: 2,000 SF
Built FAR: 1.03
Allowed FAR: 1

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $0 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $5,164.92, or roughly $430 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms.

The listed interior living area is 2,000 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1901, making it approximately 125 years old.

This listing is None

Pet policy requires confirmation with Milton Coste.

At the current list price of $850,000 for 2,000 sq ft, the asking price per square foot is approximately $425. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20078055
First Listed: 3/18/2026
On Market: 3/18/2026
Price Changed: 3/18/2026
Pending Since: 5/11/2026
Contract Date: 3/15/2026

Listing Courtesy of Compass - Claudette Rolling

Listing Contact: (908) 659-8285

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/26/2026 at 5:59 PM UTC

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Canarsie Market Update

1 sale last 30 days · $862K median · 26 months supply

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New listings in this neighborhood

Quick Facts

Status Pending Type Mixed Use Neighborhood Canarsie Borough Brooklyn
County Kings
Floor 1 of 2
Year Built 1901
First Listed 3/18/2026
Living Area 2,000 sqft
Annual Tax $5,164.92

Monthly Costs Estimate

Down Payment 20%

$170,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $430
Total Monthly $0

Estimates only. Consult a lender for exact figures.

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