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1481 Nostrand Ave
Brooklyn, NY 11226
Retail Property For Sale
Investment Highlights
- Asking $1,200,000 - a 6% cap rate on existing cashflows
- Turn-key, 100% occupied, mixed-use investment property
- Live upstairs and rent out the other floors or keep as an easy investment property
- Huge development potential with over 2000 SF of unused air rights - 2.43 FAR allows for 4860 SF of buildable SF (compared to only 2800 SF there now)
- Just under $80k in NOI from Day 1
- Established, credit tenants with proof of good payment history
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built
1931
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.29
Lot Size
0.05 AC
Zoning
R6 - The building is zoned R6 and allows for an FAR of 2.43 which allows for 4860 of buildable SF, more than 2000 SF more than the existing 2800 SF there.
Frontage
19’ on Nostrand Ave
Property Taxes
| Parcel Number | 04884-0060 | Improvements Assessment | $45,120 |
| Land Assessment | $12,240 | Total Assessment | $57,360 |
Property Taxes
Parcel Number
04884-0060
Land Assessment
$12,240
Improvements Assessment
$45,120
Total Assessment
$57,360
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