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Listing Courtesy of Compass
$ 945,000
Est. payment | /mo
12 Beds
6 Baths
5,400 SqFt
$ 945,000
Est. payment | /mo
12 Beds
6 Baths
5,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $175
Subdivision Flatbush
MLS Listing ID RLS20115609
Bedrooms 12
Full Baths 6
HOA Y/N Yes
Property Sub-Type Multi Family
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.
$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.
Location
State NY
County Kings
Interior
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type Multi Family
Story 4
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Tax ID 04915-0054
Ownership None
Pets Allowed Building No, No
RLS Data display by WJFNY