1637 Nostrand Avenue
Flatbush | Tilden Avenue & Beverley Road
Ownership
Multi-Family
Lot Size
22'x100'
Floors/Apts
3/6
Status
Active
Building Type
House
Building Size
22'x78'
Year Built
1931
ASF/ASM
5,400/502
Property Description
Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized.
$111,516 gross annual rent. $63,176 NOI. 6.66% cap rate and 8.5x GRM at $949,000 ($158,167 per unit).
The top-floor unit is fully renovated: open kitchen with quartz island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator.
Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold.
Rent roll and expense statement available on request.
Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized.
$111,516 gross annual rent. $63,176 NOI. 6.66% cap rate and 8.5x GRM at $949,000 ($158,167 per unit).
The top-floor unit is fully renovated: open kitchen with quartz island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator.
Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold.
Rent roll and expense statement available on request.
Listing Courtesy of Compass
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Apartment Features
A/C
Building Details [1637 Nostrand Avenue]
Ownership
Multi-Family
Service Level
None
Access
Walk-up
Block/Lot
4915/54
Building Size
22'x78'
Zoning
R6
Building Type
House
Year Built
1931
Floors/Apts
3/6
Lot Size
22'x100'
Mortgage Calculator in [US Dollars]
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Listing ID: 108537TH