1319 Newkirk Avenue
Brooklyn,
NY
11230
- Commercial
- NEW
- Year Built 1931
- Multi Family
- ML# 821808
Property Details
Overview
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.
Key Facts
- •Lot Size: 0.1364
- •Lot Sq Ft: 5942
- •Taxes: $47,142
- •Sale or Rent: Sale
- •School District: Ps 217 Col David Marcus School
- •Construction Materials: Brick
- •Heat: Oil
- •A/C: None
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
RE/MAX Edge
718-288-3835
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS