Ditmas Park, Brooklyn · 3-Family · As-Is
2313 Newkirk Avenue, Brooklyn, New York
$1,199,999
At A Glance
A 1910 brick row house built as a legal three-family, 4,020 square feet of living space stacked over a 1,936 square foot Brooklyn lot. It is sold strictly as-is and needs rehabilitation. For a builder or investor, that is the headline: solid pre-war bones, a multi-family layout, and the room to make it your own.
The Opportunity
This is a value-add listing, so it is sold the honest way: one exterior photograph of the building as it stands today, and the figures that matter to the person who will rebuild it. Below is the stack, the lot, and the math an investor underwrites against.
The Stack
Nine bedrooms and three baths split across the three units across 4,020 square feet. Configure it as a true three-family rental, an owner-occupied unit over two income floors, or a single-family conversion. The certificate of occupancy and final layout are for the buyer and their architect to confirm.
The Lot
A standard Brooklyn row-house parcel in a block of intact brick neighbors. The building already carries 4,020 square feet of floor area, so the value is in the structure and the as-of-right multi-family use, not in a teardown.
The Math
$1,199,999 across 4,020 square feet, before rehab. The spread between that basis and finished Ditmas Park values is the entire thesis. Rehabilitation cost is the variable you control.
The home requires rehabilitation and is sold strictly as-is. The single photograph above shows it pre-renovation, with the stoop boarded for safety. Bring a contractor, bring a flashlight, and bring your vision.
“Bring your vision to this three-family brick home. Requires rehabilitation. Sold as-is.”
The Building
2313 Newkirk Avenue is a 1910 three-family brick row house on the Newkirk corridor of Ditmas Park. The facade tells the story: a rounded brick bay rising the full three stories, deep window reveals, and a stone-trimmed entry under an ornamented cornice. This is the kind of envelope that is no longer built, and it is the reason an as-is price here is an opportunity rather than a warning.
The listing is direct about where it sits in its life. The house requires rehabilitation and is sold strictly as-is. The interiors are a clean slate. For an investor or builder, that is the appeal: you are buying a 4,020 square foot multi-family structure with intact masonry and a legal three-unit layout, and you are setting the finish level yourself.
Underwrite it as income, as a value-add flip, or as an owner-occupied house that pays part of its own way through two rental floors. The building gives you the square footage and the configuration. Ditmas Park gives you the exit. The work in between is the margin.
The Use
A legal three-family means up to three rent rolls under one roof. Live in one, lease two, or run all three. The cash flow is structural, not speculative.
The Bones
Load-bearing masonry and a pre-war floor plate. The structure you are buying would cost a fortune to build new today.
The Buyer
This one rewards a contractor, a developer, or a hands-on owner who reads a project and sees the finished version.
The Case
Three units across three floors, 9 bedrooms and 3 baths in total. Multiple rent rolls under one deed, in a borough where multi-family is hard to find at this basis.
Priced for the work it needs. The rehabilitation is the value-add lever, and the finish level, the layout, and the budget are entirely yours to set.
Real scale for a row house. Floor-through units behind the rounded brick bay give you the room to design generous layouts rather than carve up a narrow plan.
One of Brooklyn's most established residential pockets, on the B and Q at Newkirk Plaza. Location carries the resale and the rentability long after the renovation is done.
Load-bearing masonry, deep reveals, and a pre-war floor plate. Structure of this quality is the foundation a smart rehab is built on, and it is not coming back at this price.
Run The Acquisition
Adjust the numbers to see an estimated monthly principal and interest payment on the $1,199,999 acquisition. A starting point for the pro forma, not a quote, and it excludes rehab and your eventual rent roll.
Estimated Monthly Payment
$5,988
Principal and interest only. Taxes, insurance, and rehabilitation are not included. Based on the $1,199,999 list price.
The Location
Ditmas Park is one of Brooklyn's most established residential neighborhoods, known for its deep blocks of pre-war houses and a quiet, tree-lined character rare this far into the borough. 2313 Newkirk sits on the Newkirk corridor, steps from Newkirk Plaza and the B and Q trains into Manhattan.
For an investor, location is the exit. Cortelyou Road's shops and restaurants, the express subway, and a neighborhood that consistently draws families are what make finished product here rent and resell. The renovation adds the value; Ditmas Park protects it.
Steps from Newkirk Plaza and the B and Q lines
Inquire
Bring a contractor and underwrite it in person. Share your details and we will be in touch within 24 hours to arrange a private walk-through of this as-is three-family.