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2022 Nostrand Ave | Corner Mixed-Use | 8% Cap 2022 Nostrand Ave 9 Unit Apartment Building $3,500,000 ($388,889/Unit) 6.96% Cap Rate Brooklyn, NY 11210
Investment Highlights
- Close to public transportation
- High Traffic Area
- Corner Exposure
- In close proximity to many retail stores and restaurants
Executive Summary
• 4-story walk-up building consisting of 8 apartments and 1 commercial space
• Protected Tax Class 2B
• The property is located in Flatbush, Brooklyn, a historic neighborhood with a diverse heritage. This vibrant community boasts landmarks like the Kings Theatre, Flatbush Caton Market, and Paerdegat Park
• Within walking distance to the Flatbush Avenue Station ( 2 train)
• Protected Tax Class 2B
• The property is located in Flatbush, Brooklyn, a historic neighborhood with a diverse heritage. This vibrant community boasts landmarks like the Kings Theatre, Flatbush Caton Market, and Paerdegat Park
• Within walking distance to the Flatbush Avenue Station ( 2 train)
Property Facts
| Price | $3,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $388,889 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 6.96% | Building Size | 4,630 SF |
| No. Units | 9 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1933 |
| Property Subtype | Apartment | ||
| Zoning | C2-4/R7A | ||
| Price | $3,500,000 |
| Price Per Unit | $388,889 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,630 SF |
| No. Stories | 4 |
| Year Built | 1933 |
| Zoning | C2-4/R7A |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 450 - 500 |
| 1+1 | 1 | - | 500 |
| 2+1 | 6 | - | 750 - 984 |
| 3+2 | 3 | - | 900 - 1,160 |
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Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (98)
Property Taxes
| Parcel Number | 05252-0039 | Improvements Assessment | $153,000 |
| Land Assessment | $169,650 | Total Assessment | $322,650 |
Property Taxes
Parcel Number
05252-0039
Land Assessment
$169,650
Improvements Assessment
$153,000
Total Assessment
$322,650
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2022 Nostrand Ave | Corner Mixed-Use | 8% Cap | 2022 Nostrand Ave
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