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  • 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 Brooklyn’s thriving neighborhoods. 31
    1319 Newkirk Avenue Brooklyn, NY 11230
    $2,588,000
    Multi Family Commercial NEW ML# 821808
    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 Brooklyn’s thriving neighborhoods.
    Presented By: RE/MAX Edge  718-288-3835
    Call Today: 631-929-8400, 631-291-0340, or  Email: Kelly Redican
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Kelly Redican
Kelly Redican
Licensed Real Estate Salesperson Cell: 631-291-0340
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Kelly Redican Licensed Real Estate Salesperson
Office: 631-929-8400 Cell: 631-291-0340 6324 Route 25A Suite B, Wading River, NY, 11792
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