• Broker Lev Mavashev 2126580979
  • Broker Yehuda Leser 2126580826

2022 Nostrand Ave | Corner Mixed-Use | 8% Cap 2022 Nostrand Ave 9 Unit Apartment Building $3,873,268 CAD ($430,363 CAD/Unit) 8.70% Cap Rate Brooklyn, NY 11210

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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)

PROPERTY FACTS

Price $3,873,268 CAD
Price Per Unit $430,363 CAD
Sale Type Investment
Cap Rate 8.70%
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
Zoning C2-4/R7A

AMENITIES

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
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

MAP

ADDITIONAL PHOTOS

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