2022 Nostrand AveBrooklyn, NY 11210

For Sale
$3,500,000

9-Unit Apartment Building, $3.5M

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 4-story mixed-use building presents a lucrative investment opportunity in the heart of Flatbush, Brooklyn. Boasting 6,050 square feet, the property comprises eight residential apartments and one commercial unit, offering diverse income streams. The building benefits from a protected Tax Class 2B assessment, providing significant tax advantages. Located at 2022 Nostrand Avenue, this walk-up building enjoys a prime location within walking distance of the Flatbush Avenue 2 train station, ensuring convenient access to public transportation. The vibrant Flatbush neighborhood is rich in history and culture, featuring iconic landmarks such as the Kings Theatre, Flatbush Caton Market, and Paerdegat Park. This thriving community offers a diverse population and a strong rental market, making this property an ideal investment for both seasoned and aspiring real estate investors. The asking price is $3,500,000, translating to a price per square foot of $578.51. This represents a compelling value proposition given the property's location, size, and income-generating potential. The building's solid construction and established tenancy further enhance its appeal. This is a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most desirable neighborhoods.

Highlights

  • Exceptional 4-story mixed-use building, 6,050 sq ft, in prime Flatbush location.
  • Eight residential units and one commercial unit provide diverse income streams.
  • Tax Class 2B assessment offers significant tax advantages.
  • Walk-up building near the 2 train at Flatbush Avenue.
  • Asking price: $3,500,000 ($578.51/sq ft).

Property Details for 2022 Nostrand Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
6,050 SF
Buildings
1
Stories
4
Units
9

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.636123
Longitude
-73.948309
2022 Nostrand Ave, Brooklyn, New York

FAQs

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2022 Nostrand Ave
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