Log In/Sign Up
Your email has been sent.
1710 Newkirk Ave 20 Unit Apartment Building $5,500,000 ($275,000/Unit) 9.49% Cap Rate Brooklyn, NY 11226
Investment Highlights
- Parking garage is currently occupied by a single tenant.
- The property is located in the Ditmas Park section of Brooklyn, conveniently located near shopping, dining and transportation options.
- Newly expired 421a Tax Abatement - all units have proper lease riders, allowing rents to revert to market upon lease renewal.
- Within walking distance to the Newkirk Plaza Station.
Executive Summary
5-story elevator building consists of 19 apartments & parking garage.
Property Facts
| Price | $5,500,000 | Property Subtype | Apartment |
| Price Per Unit | $275,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.49% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 9.6 | Building Size | 17,213 SF |
| No. Units | 20 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 2005 |
| Zoning | R6 | ||
| Price | $5,500,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 9.49% |
| Gross Rent Multiplier | 9.6 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 17,213 SF |
| No. Stories | 5 |
| Year Built | 2005 |
| Zoning | R6 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 550 |
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 05217-0004 | Improvements Assessment | $333,000 |
| Land Assessment | $109,800 | Total Assessment | $442,800 |
Property Taxes
Parcel Number
05217-0004
Land Assessment
$109,800
Improvements Assessment
$333,000
Total Assessment
$442,800
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1710 Newkirk Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.