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  • 1319 Newkirk Avenue Brooklyn, NY 11230
    $2,588,000
    Multi Family Commercial NEW ML# 821808
    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.
    Presented By: RE/MAX Edge  718-288-3835
    Call Today: (516)318-1392, or  Email: ALL STAR REAL ESTATE BROKERS
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than All Star Real Estate Brokers are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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