1319 Newkirk Avenue, Brooklyn, NY, 11230
$2,588,000
Multi Family
Commercial
Details
ML#: 821808
- # of Families: 20
- Sale or Rent:Sale
- Year Built: 1931
- Taxes: $47,142
- Status:Active
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.
More Property Details
Lot Size: 0.1364
Lot Sq Ft: 5942
Heat: Oil
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $47,142
School District: Ps 217 Col David Marcus School
Listing Information provided courtesy of
RE/MAX Edge
718-288-3835