$1,299,8881521 Newkirk AvenueBrooklyn, New York, 11226

Primary Features

  • Lot Size Square Feet: 1503 sqft.
  • Property Type: Commercial
  • Property Sub Type: Mixed Use
  • Year Built: 1933

Other Features

  • Flooring: Other
  • Foundation Details: Poured Concrete
  • Heating: Gas
  • Parking Features: None
  • Roof: Flat
  • Utilities: n/a
  • Electric: Circuit Breakers

Location

  • Street Address: 1521 Newkirk Avenue
  • Neighborhood: Ditmas Park
  • City: Brooklyn
  • State: New York
  • County: Kings (Brooklyn)
  • Postal Code: 11226
  • Zoning: R6A

Pricing & Sale Info

  • List Price: $1,299,888
  • Tax Annual Amount: $5,785
  • MLS#: 480666
  • Last Change Timestamp: Aug 27, 2024
  • Source MLS: Brooklyn New York MLS

About This Property

Ditmas Park Mixed Use 2 Family and 1 Retail Storefront. Currently storefront is leased to a 99c store for $4,500 per month with 7 years left on the lease. 2nd floor rear unit is rented for 1400 per month but below market value. 2nd floor front unit is currently vacant. Great location with easy access to major highways and public transportation. The Q and B train to Manhattan at Newkirk Plaza right across the avenue providing a short commute to NYC. Shopping, dining and nightlife litter the area making this a great location. Recently updated furnace and hot water heater. Cap rate calculated with 1 unit vacant. Vacant unit will rent easily for $1,600 per month adding $19,200 towards the rent roll creating a cap rate of 5.5% Call today for a private showing.