1319 Newkirk Ave Brooklyn, NY 11230
- Apartment buildings
- 15,200 SF
- 0.14 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1319 Newkirk Ave
- Year built
- 1931
- Lot size
- 0.14 lot acres
- Property size
- 15,200 SF
- Zone code
- R7A
- Property type
- Apartment buildings
- APN
- 05199-0032
- APU
- 51990032
Description
This exceptional investment opportunity presents a well-maintained 20-unit apartment building situated in the desirable Ditmas Park neighborhood of Brooklyn, New York, at 1319 Newkirk Avenue, zip code 11230. The property, classified as a Class B multifamily building, boasts a total of 18,400 square feet. The building comprises a mix of ten one-bedroom and ten two-bedroom apartments, currently achieving 100% occupancy and generating an annual rental income of $264,000. Recent capital improvements include the installation of new windows, a new roof, and a new gas boiler, ensuring efficient operation and minimizing future maintenance expenses. The building's brick construction contributes to its durability and aesthetic appeal. This property is offered at an asking price of $2,800,000. Its prime location on Newkirk Avenue in Ditmas Park offers strong potential for continued rental income and future appreciation. The building's solid financial performance and recent upgrades make it an attractive investment for discerning buyers seeking a stable and profitable addition to their portfolio. Detailed financial information is available upon request. This is a rare opportunity to acquire a well-managed, income-producing asset in a highly sought-after Brooklyn neighborhood.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9646
- Latitude
- 40.6352
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
