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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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

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