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
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.
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.
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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Additional building data provided by On-Line Residential [OLR].
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Listing ID: 108537TH