31
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$2,588,000
Est. payment /mo
5,941 Sqft Lot
Active
1319 Newkirk AVE Brooklyn, NY 11230
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UPDATED:
02/06/2025 07:18 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY821808
Originating Board onekey2
Rental Info No
Year Built 1931
Annual Tax Amount $47,142
Lot Size 5,941 Sqft
Acres 0.1364
Property Sub-Type Multi Family
Property Description
Prime income-producing 20-unit rent-stabilized building in Brooklyn, featuring 10 one-bedroom and 10 two-bedroom apartments, offering a strong and consistent rental income with 100% occupancy aside from one vacant unit. Generating a total monthly rent of $23,104.21 and an annual rent of $277,250.52, this property presents an excellent investment opportunity with a 6.12% cap rate and an annual net operating income of $158,489.26. Well-maintained with low operating expenses, this turnkey asset is situated in a highly desirable location near shopping, dining, and major transportation, including the B/Q subway lines and multiple bus routes, ensuring high tenant demand. A perfect opportunity for investors seeking stable cash flow, long-term appreciation, and strong rental history in one of Brooklyn's thriving neighborhoods.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Unfinished
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Utilities Available Trash Collection Public
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 217 Col David Marcus School
Middle Schools Jhs 14 Shell Bank
High Schools Midwood High School
School District Brooklyn 22
Others
Special Listing Condition None
Listed by RE/MAX Edge