For Sale
$1,299,888

1521 Newkirk Ave Brooklyn, NY 11226

3-Unit Building, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property in Ditmas Park, Brooklyn, presents a compelling investment opportunity. The building comprises three units: a ground-floor retail storefront currently leased to a 99-cent store for $4,500 per month on a seven-year lease

Highlights

  • Ditmas Park mixed-use building: 2-family with 1 retail storefront.
  • 99¢ store tenant pays $4,500/month on a 7-year lease.
  • Rear 2nd-floor unit rents for $1,400/month (below market).
  • Front 2nd-floor unit is vacant, easily rentable at $1,600/month.
  • Excellent location near the Q & B trains at Newkirk Plaza and major highways.
  • Recently updated furnace and hot water heater.

Property Details for 1521 Newkirk Ave

Property type
Mixed-use properties, Apartment buildings
Square Feet
2,372 SF
Class
C
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6360703
Longitude
-73.9627091

FAQs

What type of property is this?
Mixed-use property - 3-Unit Building, High Potential
Where is the mixed-use property located?
The property is located at 1521 Newkirk Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,888.
What are key features of this property?
This property features: Ditmas Park mixed-use building: 2-family with 1 retail storefront.; 99¢ store tenant pays $4,500/month on a 7-year lease.; Rear 2nd-floor unit rents for $1,400/month (below market).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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1521 Newkirk Ave
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