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23-Unit Rent-Stabilized Apartment Building
For Sale
$2,200,000
Pending

3520 Newkirk Avenue, Brooklyn, NY 11203

Commercial Sale, Brooklyn, NY

Property SizeContact for details
Lot Size0.12 Acres
Days on Market611

Property Features for 3520 Newkirk Avenue

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Basement Full
Appliances Gas Water Heater, Refrigerator
Lot features Stone/ Brick Wall
Elementary school Brooklyn Arts And Science Elementary
Middle school Acad For College Prep And Career Exp
High school Acad For College Prep And Career Exp
Elementary school district Brooklyn 17
Middle school district Brooklyn 17
High school district Brooklyn 17
Directions GOOGLE MAPS OR WAZE
Standard status Pending
APN 04969-0043
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 71718

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Radiant
Water source Public

Building Details

Year built 1931
Floors in Building 4
Number of units 23
Building materials Brick
Listing Agency: Coldwell Banker American Homes · Coldwell Banker Real Estate
Listed By: Nicole J. Myrie
Added: Dec 26, 2024 Changed: Aug 19 Last Checked: Aug 29 at 7:06AM
MLS# 807454

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 23-unit apartment building at 3520 Newkirk Avenue is arranged as a four-story walk-up with one-bedroom residences offered in two layouts. The property is 100% occupied and rent stabilized. Common areas and hallways are maintained, and the building’s doors have been replaced and upgraded. Heating is provided through a dual system operating on natural gas, with radiant heating listed among the building systems. The structure was built in 1931 and includes a basement, brick construction, public water, and public sewer.

The Brooklyn property is also offered within a portfolio that includes a separate 16-unit building at 1084 Willmohr Street. On-site appliances include refrigerators and a gas water heater.

Key Highlights

  • 23‑unit, 100% occupied apartment building
  • Rent‑stabilized one‑bedroom units in two layouts
  • Four‑story walk‑up with a basement

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

23
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,274
Businesses Nearby

Demographics for 11203, NY

81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story walk-up with one-bedroom residences, upgraded doors, and shared areas maintained for everyday occupancy.
Where is this apartment building located?
The property is located at 3520 Newkirk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 23‑unit, 100% occupied apartment building; Rent‑stabilized one‑bedroom units in two layouts; Four‑story walk‑up with a basement
More about this property
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