1319 Newkirk Avenue
Ditmas Park, New York
$2,588,000 Price
30 Bedrooms   20.0 Baths

1319 Newkirk Avenue, Ditmas Park, New York

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...

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.

Courtesy of RE Max Edge Group

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Ditmas Park, New York
Type: Townhouse
Price: $2,588,000
Date Listed: 2/6/2025
Last Updated: 2/21/2025
Web ID: 1104380983

Info & Amenities

Type: Townhouse
Bedrooms: 30
Bathrooms: 20.0
Built: 1931