1319 Newkirk Avenue

Ditmas Park   |   Argyle Road & Rugby Road

Building For Sale
$ 2,588,000
Ownership Multi-Family
Lot Size 50'x118'
Floors/Apts 4/20
Status Active
Real Estate Taxes [Per Annum] $ 47,142
Building Type House
Building Size 50'x92'
Year Built 1931
ASF/ASM 18,400/1,709
Listing ID: 33299TH

Jason Bauer

License

Manager, Licensed Associate Real Estate Broker

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Property 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.





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 Remax Edge

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1319 Newkirk Avenue Ditmas Park Brooklyn NY 11230

Building Details [1319 Newkirk Avenue]

Ownership Multi-Family
Service Level Voice Intercom
Access Walk-up
Block/Lot 5199/32
Building Size 50'x92'
Zoning R7A
Building Type House
Year Built 1931
Floors/Apts 4/20
Lot Size 50'x118'

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.