1501 Newkirk Ave
Brooklyn, NY 11226
Office Property For Sale

Marcus & Millichap is pleased to present 1501 Newkirk Avenue, a mixed-use building located at the corner of Marlborough Road and Newkirk Avenue in the Ditmas Park Section of Brooklyn (Block: 05201; Lot 0042). This building is comprised of 2 two bedroom apartments, and three retail units. Two of the retail units are currently vacant. The building sits on a 22 ft x 105 ft lot and is built 21 ft x 86 ft totaling approximately 3,240 SF. This property offers investors the opportunity to own a cash flowing 5 unit building, with a value add opportunity. There is upside in income potential with all of the units. This area of Brooklyn is set to see aggressive residential and retail/office development in the near future with other 2,000 residential units coming to market by 2021.