2022 Nostrand Ave | Corner Mixed-Use | 8% Cap 2022 Nostrand Ave 9 Unit Apartment Building $4,029,116 CAD ($447,680 CAD/Unit) 8.50% Cap Rate Brooklyn, NY 11210
INVESTMENT HIGHLIGHTS
- Close to public transportation
- High Traffic Area
- Corner Exposure
- In close proximity to many retail stores and restaurants
EXECUTIVE SUMMARY
• 4-story walk-up building consisting of 8 apartments and 1 commercial space
• Protected Tax Class 2B
• The property is located in Flatbush, Brooklyn, a historic neighborhood with a diverse heritage. This vibrant community boasts landmarks like the Kings Theatre, Flatbush Caton Market, and Paerdegat Park
• Within walking distance to the Flatbush Avenue Station ( 2 train)
• Protected Tax Class 2B
• The property is located in Flatbush, Brooklyn, a historic neighborhood with a diverse heritage. This vibrant community boasts landmarks like the Kings Theatre, Flatbush Caton Market, and Paerdegat Park
• Within walking distance to the Flatbush Avenue Station ( 2 train)
PROPERTY FACTS
| Price | $4,029,116 CAD |
| Price Per Unit | $447,680 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,630 SF |
| No. Stories | 4 |
| Year Built | 1933 |
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 450 - 500 |
| 1+1 | 1 | - | 500 |
| 2+1 | 6 | - | 750 - 984 |
| 3+2 | 3 | - | 900 - 1,160 |
1 of 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
PROPERTY TAXES
| Parcel Number | 05252-0039 | Improvements Assessment | $232,984 CAD |
| Land Assessment | $244,121 CAD | Total Assessment | $477,105 CAD |
ZONING
| Zoning Code | C2-4/R7A |
