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Status: Active

1319 Newkirk Avenue, #

Flatbush

$2,588,000
 |  30 Beds  |  20 Baths  |  18,400SF

Description

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.





Listing courtesy of RE Max Edge Group

Property Details

  • House

Amenities

  • Cooling: None
  • Attendance: None
  • Laundry: Building None, None
  • Pets: Building No, No

The Neighborhood

FLATBUSH
Flatbush

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For information on 1319 Newkirk Avenue, # contact:

realtor top real estate agent

Jacob Goldman

Founder, Principal Broker

212-388-1115

Founder, Principal Broker
listings@lohorealty.com
212-388-1115

Listing courtesy of RE Max Edge Group
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