1319 Newkirk Ave New York City, NY 11230
Property details
About 1319 Newkirk Ave
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.<br><br><br><br><br><br>
Highlights
Summary
- MLS Number: RLS11033118
- MLS Name: RLS
- Office Name: RE Max Edge Group
- Office Phone: (718) 612-3088
- Listing Agent: Ruslan Mingazov
- Agent Phone: (718) 313-0214
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Last updated on: 3/14/2025, 7:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,588,000
1319 Newkirk Ave
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Price information
Property sales
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Tax history
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Nearby schools
5
P.S. 217 Colonel David Marcus School
Public District KG-5
0.2 mi
•1100 Newkirk Ave
6
P.S. 139 Alexine A. Fenty School
Public District PK-5
0.4 mi
•330 Rugby Rd
9
P.S. K134 Brooklyn
Public District KG-5
0.5 mi
•4001 18th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,927. Most New York City, NY residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
Little Caesars
What do the neighbors drive?
Honda
Nissan
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 1319 Newkirk Ave
This home is located at 1319 Newkirk Ave in New York City, NY and zip code 11230 in the Ditmas Park neighborhood. This 18,400 square foot home was built in 1931. Features: 30 bedrooms, 20 bathrooms. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $2,588,000.
While more than 189 listings in New York City, NY in February 2025 were sold above asking price, there were more than 682 listings sold at asking price, and more than 627 were sold below. The number of homes for sale in New York City, NY decreased by 3.1% between January and February 2025. In February 2025 median list price was $867,439 and the average listing age was 130 days.