Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 30 |
| Bedrooms: | Studio |
Financials
Price:$945,000
Listing Courtesy of Compass
1637 Nostrand Ave, Brooklyn East Flatbush 6 family walk up, built 1931.
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.
Neighborhood
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RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
