1319 Newkirk Avenue, Brooklyn NY 11230

$2,588,000

1319 Newkirk Avenue, Brooklyn, NY 11230

bedrooms

bathrooms

square feet

18,400

Acreage

0.13640955004591368

Open Houses

year built

1931

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Kings (Brooklyn)
Elementary School	-
Middle School	-
High School	-

Exact location data not provided

Driving directions

Open houses

None scheduled.

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MLS number: 488992

Listing agent: Daniel Gamil

Listing broker: Womcore Llc Dba Remax Edge (718) 612-3088

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Last update: Saturday, February 22 2025 at 3:01 p.m. EST

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