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2925 Avenue J, Brooklyn, NY 11210 2374 Nostrand Ave 4,860 SF 100% Leased Retail Building Brooklyn, NY 11210 $3,500,000 ($720.16/SF)
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!!
- The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!!
- The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, +++!!!
- Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, Signalized Intersection, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!! Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!! The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$204,600
|
$42.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$204,600
|
$42.10
|
| Taxes |
$20,243
|
$4.17
|
| Operating Expenses |
$27,175
|
$5.59
|
| Total Expenses |
$47,418
|
$9.76
|
| Net Operating Income |
$157,182
|
$32.34
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $204,600 |
| Annual Per SF | $42.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $204,600 |
| Annual Per SF | $42.10 |
| Taxes | |
|---|---|
| Annual | $20,243 |
| Annual Per SF | $4.17 |
| Operating Expenses | |
|---|---|
| Annual | $27,175 |
| Annual Per SF | $5.59 |
| Total Expenses | |
|---|---|
| Annual | $47,418 |
| Annual Per SF | $9.76 |
| Net Operating Income | |
|---|---|
| Annual | $157,182 |
| Annual Per SF | $32.34 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,860 SF
Building Class
C
Year Built
1930
Price
$3,500,000
Price Per SF
$720.16
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.43
Lot Size
0.05 AC
Zoning
R6/C2-2
Parking
6 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- B.J.W Nail Salon
- Services
- -
- -
- -
- Mike's Shoe Repair
- Services
- -
- -
- -
- Number One Chinese Restaurant
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| B.J.W Nail Salon | Services | - | - | - | ||
| Mike's Shoe Repair | Services | - | - | - | ||
| Number One Chinese Restaurant | Accommodation and Food Services | - | - | - |
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (98)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07593-0001 | Total Assessment | $211,950 (2025) |
| Land Assessment | $49,500 (2025) | Annual Taxes | $20,243 ($4.17/SF) |
| Improvements Assessment | $162,450 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
07593-0001
Land Assessment
$49,500 (2025)
Improvements Assessment
$162,450 (2025)
Total Assessment
$211,950 (2025)
Annual Taxes
$20,243 ($4.17/SF)
Tax Year
2024
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2925 Avenue J, Brooklyn, NY 11210 | 2374 Nostrand Ave
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