1632 Nostrand Avenue
Property Description
Excellent mixed-use opportunity for an investor looking to expand their portfolio or an end user ready to begin their real estate investment journey. The property features two spacious three-bedroom apartments plus a recently renovated ground-floor commercial space occupied by an established church tenant. The recently renovated basement serves as an extension of the commercial space, offering added flexibility and plenty of additional storage. One residential unit will be delivered vacant, with the possibility of additional vacancy. Based on current market rents, the property offers a potential gross rent roll of more than $115,000 annually. Conveniently located in lively Flatbush near multiple forms of public transportation, shopping and beloved neighborhood dining spots, including Sugar'D and the long-standing Sip N Chat. For additional information, please reach out.
Broker Details
Keller Williams Realty Landmark (718) 475-2777
MLS ID: 216825 State License Number: 10401358447
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,100,000 |
| No. of Units: | 2 |
| Year Built: | 1930 |
| Opportunity Zone: | No |
| Price per unit: | $550,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 0 |
ID: 3yd-MLSLINY-1035426
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