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3334-3338 Nostrand ave 3338 Nostrand Ave 2,400 SF 100% Leased Retail Building Brooklyn, NY 11229 $2,395,000 ($997.92/SF)
Investment Highlights
- High visibility approx. 800 vehicles per hour
- 6.25% cap rate
- perfect for Owner User
Executive Summary
3334-3338 Nostrand Ave
This exceptional high-visibility property sees approximately 800 vehicles per hour, offering outstanding exposure for any business. The property features a private driveway with parking for up to four vehicles.
Recent upgrades include new boilers and updated electrical systems, providing peace of mind for years to come.
The current total rent roll exceeds $14,000 per month, making this an attractive investment opportunity. The plumbing supply space can be delivered vacant, offering flexibility for an owner-user or additional leasing potential.
Ideal for investors seeking strong cash flow or owner-users looking to establish their business in a prime, high-traffic location.
The property consists of 2- mixed use buildings. Store plus 2 apartments in each building
4- 1 bedroom apartments totaling $7300 monthly
2 stores
Medical supply $4009 monthly 8 years left on lease with 3% yearly increases
Plumbing store $2800 (can be delivered vacant)
This exceptional high-visibility property sees approximately 800 vehicles per hour, offering outstanding exposure for any business. The property features a private driveway with parking for up to four vehicles.
Recent upgrades include new boilers and updated electrical systems, providing peace of mind for years to come.
The current total rent roll exceeds $14,000 per month, making this an attractive investment opportunity. The plumbing supply space can be delivered vacant, offering flexibility for an owner-user or additional leasing potential.
Ideal for investors seeking strong cash flow or owner-users looking to establish their business in a prime, high-traffic location.
The property consists of 2- mixed use buildings. Store plus 2 apartments in each building
4- 1 bedroom apartments totaling $7300 monthly
2 stores
Medical supply $4009 monthly 8 years left on lease with 3% yearly increases
Plumbing store $2800 (can be delivered vacant)
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,400 SF
Building Class
C
Year Built
1928
Price
$2,395,000
Price Per SF
$997.92
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.05 AC
Zoning
R4 - A low-density residential zoning district in NYC (found in Brooklyn, Queens, Staten Island, Bronx) allowing 1–2 family detached/semi-detached houses and small multi-family buildings.
Amenities
- 24 Hour Access
- Signage
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (82)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07308-0045 | Improvements Assessment | $59,220 |
| Land Assessment | $10,440 | Total Assessment | $69,660 |
Property Taxes
Parcel Number
07308-0045
Land Assessment
$10,440
Improvements Assessment
$59,220
Total Assessment
$69,660
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Peerless Properties
3334-3338 Nostrand ave | 3338 Nostrand Ave
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