1864 Nostrand, Brooklyn

$5,995,000

0 Beds
0 Baths
4,540 Sqft
0 Acres
0 Garages

I'm pleased to offer this 2 unit, mixed-use building with commercial space in the Flatbush section of Brooklyn. The property is located on Nostrand Avenue between Newkirk Ave and Avenue D, a major thoroughfare in the neighborhood with high pedestrian traffic and nearby subway access. The building includes 2 residential 3 bedroom units, 3 commercial spaces, 2 Month-to-month table vendors and is approximately 4,540 SF with 60’ of inline building frontage. It boasts updated electric, updated plumbing, with the apartments in move-in condition. Current leases are performing. The building is well maintained throughout. The Price will include the purchase of the business that generates $1.4M a year.

The income Breakdown is as Follows:
- Store 1: $10,000 Month - $120,000 Year
- Store 2: $5,000 - $60,000 Year
- Store 3: $5,600 - $67,200 Year
- Vendor 1: $1,000 - $12,000 Year
- Vendor 2: $1,000 - $12,000 Year
- second floor office: $3,800 - $45,600 Year
- 3rd Floor 3 Bed: $3,000 - $36,600 Year
- Business Income: $120,000 - $1,440,000 Year

Gross Income: $1.77M?
Net Income: $840k

Essential Information
MLS® #428532
Price$5,995,000
Bathrooms0.00
Square Footage4,540
Year Built1933
TypeMixed Use / Store & Family
Sub-TypeMixed Use
StatusActive
Community Information
Address1864 Nostrand
AreaDitmas Park
CityBrooklyn
CountyKings (Brooklyn)
StateNew York
Zip Code11226
Interior
InteriorCeramic, Concrete
Interior FeaturesIntercom
HeatingSteam/Radiator
Has BasementYes
BasementFull
# of Stories3
Exterior
ExteriorBrick
Exterior FeaturesDoors - 11-15 ft
RoofFlat
ConstructionBlock, Steel
FoundationBlock
Additional Information
Date ListedMarch 29th, 2019
Days on Market39
ZoningR6
Property History
Price Reduced from $6,995,000 to $5,995,000
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Listing courtesy of Realtynerd BK Inc

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: July 18th, 2019 at 8:15pm EDT

Listing courtesy of Realtynerd BK Inc

© 2019 Brooklyn New York MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Casandra Properties Inc. Data last updated: July 18th, 2019 at 8:15pm EDT

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