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.

Features
: Flat
Address Map
11230
Newkirk
1319
Avenue
0
W74° 2' 7.2''
N40° 38' 6.8''
MLS Addon
: Multi-family
20
1
: Hardwood, Tile, Linoleum
118210
RE/MAX Edge
Daniel Gamil
gam1797
$0
$0
: Unfinished, Full, Separate Entrance
: Brick
: Active
: Other
$47,142

Residential For Sale

1319 Newkirk Avenue, Brooklyn, New York 11230

30 Bedrooms
20 Bathrooms
18,400 Sqft
$2,588,000
Listing ID #488992
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 488992
Price : $2,588,000
Bedrooms : 30
Bathrooms : 20
Square Footage : 18,400 Sqft
Year Built : 1931
Lot Area : 5,942 Sqft
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