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753-759 Nostrand Ave 4,850 SF 100% Leased Retail Building Brooklyn, NY 11216 $3,800,000 ($783.51/SF) 7.11% Cap Rate
Investment Highlights
- Corner mixed-use building featuring three stores and three apartments.
- Features 1,504 square feet of unused air rights.
- Three-story walk-up apartment building with a full cellar.
Executive Summary
6 Units, 3 Story Walk up Apartment Building, located on the South East corner of Nostrand Avenue & St Johns Place. The buildings encompasses 3 Stores and 3Apartments with a full cellar.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,850 SF
Building Class
C
Year Built
1910
Price
$3,800,000
Price Per SF
$783.51
Cap Rate
7.11%
NOI
$270,180
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.11 AC
Zoning
R6A, C2-4 - medium-density contextual residential zoning district
Amenities
- Corner Lot
- Restaurant
- Cafe
- Awning
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01255-0004 | Improvements Assessment | $645,750 |
| Land Assessment | $6,300 | Total Assessment | $652,050 |
Property Taxes
Parcel Number
01255-0004
Land Assessment
$6,300
Improvements Assessment
$645,750
Total Assessment
$652,050
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Contact the Sale Advisor
753-759 Nostrand Ave