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1710 Newkirk Ave 20 Unit Apartment Building $7,481,705 CAD ($374,085 CAD/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 | $7,481,705 CAD | Property Subtype | Apartment |
| Price Per Unit | $374,085 CAD | 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 | $7,481,705 CAD |
| Price Per Unit | $374,085 CAD |
| 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 | $455,387 CAD |
| Land Assessment | $150,155 CAD | Total Assessment | $605,542 CAD |
Property Taxes
Parcel Number
05217-0004
Land Assessment
$150,155 CAD
Improvements Assessment
$455,387 CAD
Total Assessment
$605,542 CAD
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1710 Newkirk Ave
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