1637 Nostrand Avenue
Property Description
1637 Nostrand Ave, Brooklyn (East Flatbush) - 6-family walk-up, built 1931. 5,400 SF, six 2BR/1BA units. Rent-stabilized. $111,516 gross annual rent. Underwritten NOI $63,176 (6.7% cap at asking price). $158,167 per door. All-cash / low-leverage hold play. Steady, predictable income - 10-year horizon.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $945,000 |
| Lot Size: | 5,400.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 12 |
| Number of Bathrooms: | 6 |
ID: 3yd-NYSMLS-11989119
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