1521 Newkirk Avenue

Ditmas Park

$1,449,888
Price
Beds
3
Baths
2,372 Sq. Ft.
$611 / Sq. Ft.
2,372
Sq. Ft.
$611
per Sq. Ft.

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...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. Call today for a private showing.
  1. Listed by James Nelson • Ben Bay Realty Co of Bay Ridge

Amenities

  • Walk Up
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of Ben Bay Realty Co of Bay Ridge
Add your commute
LISTING UPDATED: 03/28/2024 04:59 PM

Property Details for 1521 Newkirk Avenue

StatusActive
MLS ID480666
Days on Market40
Taxes$5,785 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1933
Lot Size1,503 SF / 18' x 82'
CountyKings County

Building

1521 Newkirk Ave

2 Units2 StoriesBuilt in 1933

Location

Listing Courtesy of Ben Bay Realty Co of Bay Ridge
Add your commute

Building Information for 1521 Newkirk Avenue

Stories2Residences2Year Built1933Lot Size1,503 SF / 18' x 82'Building AgePre-warBuilding TypeLowrise

Payment Calculator

$8,395 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$482

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1521 Newkirk Avenue

Summary
Location and General Information
  • Block: 5201
  • Number Of Stories: 1
  • Cross Street Name: Marlborough Rd
  • Cross Street Name: East 17th St
  • Zoning: R6A
  • Roof: Flat
  • Number Of Vacant Units: 1
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 5785.0
  • Gross Expense: 12707.0
  • Gross Income: $70,800.00
  • Cap Rate: .04%
Property
Lot Information
  • Sq Ft Total: 2372
  • Yard: Back
  • Lot Number: 30
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 82
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 659.0
  • Fuel Expense: 2117.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Other
  • Unit Count: 3
  • Lavatories: 3
  • Construction Materials: Brick, Masonry
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1170.0
  • Building Length: 65.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 4500.0
  • Unit Room Description: 99c store, 7 years left on there lease.
  • Unit Floor: 1
  • Unit Security Deposit Amount: $8,600.00
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1400.0
  • Unit Room Description: Below market 1 Bedroom
  • Unit Floor: 2R
  • Unit Rooms Total: 3
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2F
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 1 Bedroom
Agent
Agent Information
  • Net Operating Income: 58093.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3500.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No

Property History for 1521 Newkirk Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1521 Newkirk Avenue

Taxable ValueLand$11,940Additions$72,840Total$84,780
Home Facts
Total Finished SqFt2,372 SqFtLot Size1,449 SqFtYear Built1933ZoningR6AAPN3052010030

Schools near 1521 Newkirk Avenue

This home is within Nyc Geog District #22 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 217 Colonel David Marcus School
PublicPK to 5

Jhs 62 Ditmas
Public6 to 8

Midwood High School
Public9 to 12

Middle 890
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

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1521 Newkirk Avenue is a mixed use property for sale in Ditmas Park. This property was listed for sale on March 19, 2024 by Ben Bay Realty Co of Bay Ridge, it's currently listed at $1,449,888. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 217 Colonel David Marcus School, Jhs 62 Ditmas and Midwood High School. 1521 Newkirk Avenue is a 0-bed, 3-bath, 2,372 sqft mixed use property built in 1933.

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Listing Courtesy of Ben Bay Realty Co of Bay Ridge

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