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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
Heating System:
Oil
Cooling System:
No
Basement:
Unfinished
Address Map
City:
NY
State:
NY
County:
Kings (Brooklyn)

Commercial Sale For Sale

1319 Newkirk Avenue, New York, NY

5,942 Acre
$2,588,000
Listing ID #821808
Basic Details
Property Type :
Commercial Sale
Listing ID :
821808
Price :
$2,588,000
Lot Area :
5,942 Acre
Year Built :
1931
Listing Office :
RE/MAX Edge
Listing Agent :
Ruslan Mingazov
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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