Map
Listed price in listed location currency (USD).
$949,000

1260

MLS® RLS20115609

Overview

Key Facts

Type Multi Family
Levels Residential
Size 5400 sqft
Garage 
Taxes 
Days Active 52
Lot Size 1780 SF
Approx. Age 1931
Avg. Price Per Sqft $175
MLS® Number RLS20115609

Property Address: 1637 Nostrand Ave, Brooklyn, NY, 11226-5563

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberRLS20115609
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1931
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

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