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1826 Nostrand Ave
Brooklyn, NY 11226
Retail Property For Sale
Executive Summary
1826 Nostrand Avenue Is a 3 story mixed use building with a sneaker store paying $4,800 + 5% increases on the ground floor and a 1 bed behind that paying $2,000.
The second and third floor consists of two 2 bedrooms each floor adding an additional roughly $7,350 per month making the gross income $170,000.
Taxes: $20,000
Insurance: $5,000
Water and Heat: $7,000
NOI $138,000
Asking is $1.85M
The second and third floor consists of two 2 bedrooms each floor adding an additional roughly $7,350 per month making the gross income $170,000.
Taxes: $20,000
Insurance: $5,000
Water and Heat: $7,000
NOI $138,000
Asking is $1.85M
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,100 SF
Building Class
C
Year Built
1936
Price
$1,850,000
Price Per SF
$362.75
Cap Rate
7.46%
NOI
$138,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.34
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
R6 - Medium density residential district
Frontage
20’ on Nostrand Avenue
Amenities
- Bus Line
- Commuter Rail
- Metro/Subway
Property Taxes
| Parcel Number | 04947-0057 | Improvements Assessment | $489,150 |
| Land Assessment | $4,050 | Total Assessment | $493,200 |
Property Taxes
Parcel Number
04947-0057
Land Assessment
$4,050
Improvements Assessment
$489,150
Total Assessment
$493,200
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