Active
1319 Newkirk Avenue
Brooklyn NY, 11230
$2,588,000
$140.65 per sqft
Active
30 Beds
20 Baths
18,400 sqft
Townhomes
Built in 1931
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 Brooklyns thriving neighborhoods.
RLS11033118
MLSⓇ ID
February 6, 2025
Listed
February 22, 2025
Updated
Interior Features
Total Stories
4
Bedrooms
30
Total Bathrooms
20
Full Bathrooms
20
Laundry Description
Building None, None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Radiant
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
HOA Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
RLS Data display by Ruslan Mingazov with RE Max Edge Group
Listing Contact: (718) 313-0214
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 2/22/2025 at 4:42 PM UTC