1637 Nostrand Ave, Brooklyn, NY 11226

$949,000
12
BD
6
BA
5,400
SqFt
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List Price
$949,000
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Property Description

1637 Nostrand Ave, Brooklyn (East Flatbush) — 6-family walk-up, built 1931. 5,400 SF, six 2BR/1BA units. Rent-stabilized. $111,516 gross annual rent. Underwritten NOI $63,176 (6.7% cap at asking price). $158,167 per door. All-cash / low-leverage hold play. Steady, predictable income — 10-year horizon.

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Listing courtesy of Listing Agent: ELI ELIAHOU HALIVA (eli@ermcapitalgroup.com) from Listing Office: Compass.

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