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907 Nostrand Ave
Brooklyn, NY 11225
Retail Property For Sale
Investment Highlights
- Asking $1,695,000 - a 6.6% cap rate on existing with potential for increased revenue!
- 2nd + 3rd floor apartments just updated with new floors, paint, fixtures, & in-unit washer/dryers - units are very easy to lease up because of washer/
- 4545 SF existing (plus an additional 1500 SF existing as part of the retail space)
- Perfect for end-user looking to live and/or work or an investor looking for an easy investment with no work needed and potential upside
- Just under $112k in NOI from Day 1
- Upside in retail space rent/new development 1 block away will increase neighborhood retail demand
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,547 SF
Building Class
C
Year Built/Renovated
1925/2022
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.16
Lot Size
0.05 AC
Zoning
R7-1 - Medium Density Residential
Frontage
Amenities
- Signage
Property Taxes
| Parcel Number | 01297-0005 | Improvements Assessment | $154,260 |
| Land Assessment | $14,280 | Total Assessment | $168,540 |
Property Taxes
Parcel Number
01297-0005
Land Assessment
$14,280
Improvements Assessment
$154,260
Total Assessment
$168,540
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