Three-Family Brick Residential
For Sale
$1,199,999
2313 Newkirk Ave, Brooklyn, NY 11226
Brick three-family home sold as-is, offering a flexible unit layout for renovation, rental income, or long-term hold.
Property Size4,020 SF
Days on Market111
Property Features for 2313 Newkirk Ave
General Information
Standard status
Active
Size
4,020 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,176
Building Details
Building Size
4,020 SF
Year Built
1910
Units
3
Tenancy
Multi
Listing Agency:
JENEFER JOSEPH & ASSOCIATES INC
Listed By:
Jenefer Joseph
(516) 642-4435
Source:
Elliman
Added: Jun 17
Changed: Sep 21
Last Checked: Oct 4 at 10:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JENEFER JOSEPH & ASSOCIATES INC
Investment Insights
Based on property information with market context.
This three-family brick residential building offers a flexible multi-unit layout and solid exterior construction, presenting a straightforward foundation for a rehab or reconfiguration. The property is being sold as-is and requires rehabilitation, making it well suited for buyers who want to customize the home’s interior and bring it up to their specifications.
The home is located in Ditmas Park, Brooklyn, and is described as being convenient to transportation, shopping, restaurants, schools, and neighborhood amenities. The public remarks also indicate strong walk, bike, and transit accessibility scores, supporting day-to-day convenience for tenants or occupants.
For investors, contractors, or owner-occupants, this building can serve as a renovation project with income generation potential once updates are completed. The multi-family configuration provides multiple options for how to use the space, whether the plan is to create rental units after renovation or to occupy one portion while renting the others. Buyers should plan for the rehabilitation required per the as-is sale condition.
The home is located in Ditmas Park, Brooklyn, and is described as being convenient to transportation, shopping, restaurants, schools, and neighborhood amenities. The public remarks also indicate strong walk, bike, and transit accessibility scores, supporting day-to-day convenience for tenants or occupants.
For investors, contractors, or owner-occupants, this building can serve as a renovation project with income generation potential once updates are completed. The multi-family configuration provides multiple options for how to use the space, whether the plan is to create rental units after renovation or to occupy one portion while renting the others. Buyers should plan for the rehabilitation required per the as-is sale condition.
Key Highlights
- Brick three‑family home built in 1910
- Sold as‑is and requires rehabilitation
- Flexible multi‑unit layout with potential for renovation and rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,902
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,040
$2.0M
Cap Rate 7%
$1,455,743
$1.5M
Cap Rate 9%
$1,132,244
$1.1M
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$152.0K $37.80/SF
− Vacancy
−$6.4K −$1.59/SF
EGI
$145.6K $36.21/SF
− OpEx
−$43.7K −$10.86/SF
NOI
$101.9K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,038,040
Cap Rate 7%
$1,455,743
Cap Rate 9%
$1,132,244
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.27M – $1.70M
NOI $101,902 @ 7.0% cap · market cap 8.49%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.57M
NOI $94,242 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,086 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,948
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Brick three-family home sold as-is, offering a flexible unit layout for renovation, rental income, or long-term hold.
Where is this triplex located?
The property is located at 2313 Newkirk Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Brick three‑family home built in 1910; Sold as‑is and requires rehabilitation; Flexible multi‑unit layout with potential for renovation and rental income
