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Listing Courtesy Of:
RE Max Edge Group, Ruslan Mingazov
Local Realty Services Provided By:
Keller Williams Realty Empire
Overview
What It'll Cost
Neighborhood
1319 Newkirk Avenue, New York City, NY 11230
30 Beds
20 Baths
1319 Newkirk Avenue, New York City, NY 11230
Estimation provided by Keller Williams Realty Inc.
30 Beds
20 Baths
Active
For Sale
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 Brooklyns thriving neighborhoods.
Property Details
Compare This Home
Overview
Property Type
Single Family Residence
Property Size
Year Built
1931
Days on Site
51 Days
HVAC
Radiant
Parking
No
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$2,588,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
02/06/2025
Listed
No Tax History Data
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Explore Flatbush (Stratford-Ditmas)
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Transit & Commute
Estimated commute times from Flatbush (Stratford-Ditmas)
Car-Dependent
Walkable
Very Walkable