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1521 Newkirk Avenue

BROOKLYN, NY 11226
  • $1,399,888
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 480666
UPDATED: 153 min ago
$1,399,888
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,372
    SQFT
  • $590
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1933
Area:

School Ratings & Info

Description

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.

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-25T00:00:33.373.
www.theteampagano.com/homes/148725515
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1521 Newkirk Avenue BROOKLYN, NY 11226

  • Price: $1,399,888
  • Status: Active
  • On Site: 127 Days
  • Updated: 153 min ago
  • MLS #: 480666
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2,372
SQFT
$590
$/SQFT
1933
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Ditmas Park
Property Description
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.
Exterior Features

Building Length 65.00 Building Width 18.00 Commercial Features Exterior Other Construction Materials BrickMasonry Exterior Brick Loading Docks None Lot Size Length 82 Lot Size Width 18 Parking Attributes None Parking Feature None Roof Flat Yard Back

Interior Features

Basement Amenities Full Building Footprint Sq Ft 1170 Commercial Features Interior Other Flooring Other Foundation Details Poured Concrete Heat Delivery Other Lavatories 3

Property Features

ACUnits 0 Block 5201 Certificate Of Occupancy YN 1 Commercial Condo 0 Construction Type Attached Cross Street Name Marlborough Rd Cross Street Name2 East 17th St Electric Circuit Breakers Financing 1031 ExchangeBank MortgageCash Fuel Expense 2117.00 Gross Income 70800 Heating Fuel Gas Hot Water Gas Insurance Expense 3500.00 Lot Number 30 Lot Size Irregular YN 1 Net Operating Income 58093.00 Number Of Families 2 Number Of Stores 1 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 5785.00 Transaction Type Sale Utility Expense 659.00 Zoning R6A

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Ben Bay Realty Co of Bay Ridge: (718) 238-6080.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-25T00:00:33.373.
 
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