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1738 Nostrand Ave 2,700 SF 100% Leased Retail Building Brooklyn, NY 11226 $1,020,000 ($377.78/SF)
Investment Highlights
- Three-story mixed-use walk-up building
- 1 Block away from 2 and 5 Subway Train and in close proximity to Prospect Park.
- Two free market residential units and one ground floor retail unit.
Executive Summary
B6 Real Estate Advisors and Keen-Summit are pleased to present this three-story mixed-use walk-up buildings in the East Flatbush neighborhood of Brooklyn, NY.
The subject is part of a Chapter 11 bankruptcy auction:
Bid Deadline: August 12
Auction Date: August 18
Minimum Bid: $1,020,000
Auction subject to Bankruptcy Court approval
The subject is part of a Chapter 11 bankruptcy auction:
Bid Deadline: August 12
Auction Date: August 18
Minimum Bid: $1,020,000
Auction subject to Bankruptcy Court approval
Property Facts
Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,700 SF
Building Class
C
Year Built/Renovated
1930/2007
Price
$1,020,000
Price Per SF
$377.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.16
Lot Size
0.05 AC
Zoning
R6 - Predominantly residential in character
Frontage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05173-0034 | Improvements Assessment | $37,860 |
| Land Assessment | $20,400 | Total Assessment | $58,260 |
Property Taxes
Parcel Number
05173-0034
Land Assessment
$20,400
Improvements Assessment
$37,860
Total Assessment
$58,260
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