$1,800,000
Updated 2 years ago
Off Market

1541 Nostrand Ave

East Flatbush, Brooklyn | Snyder Ave & Albemarle Road

12 Rooms6 Beds2.5 Baths3,300 Square FeetMixed Use

$1,800,000
floors / apts3 / 2
Lot Size20'x80'
Built Size20'x55'
ZoneR6
Building TypeLow-Rise
RE Taxes$5,843
Price Per SF
$545

Property Description for 1541 Nostrand Ave

On the border of Prospect Lefferts Garden/Flatbush, one of Brooklyn's hottest neighborhoods, sits a 3-story 2-family plus store, attached, brick, mixed-use building. Great location for any business. Two six room apartments above the store, each feature three bedrooms, living room, dining room, kitchen and three-quarter bath. The building has been fully renovated in 2023 and both apartments are rented out at market price. The 3rd floor is rented for $3600 and the second floor is rented for $3800. Each apartment has a washer/dyer and each room has split unit AC. Commercial space is currently being rented for $3350 Current gross rent roll $129000 - Expenses are $14,075 Cap rate of 6.3% Lot: 20 ft x 80 ft. Building: 20 ft x 50 ft. Approx. Building Sq Ft: 3,300. Est. Annual Taxes: $5843.10. Street level store on commercial avenue with excellent exposure. Unfinished basement. Zoning: R6 Approx. Year Built: 1931. Stories: 3.

Listing History for 1541 Nostrand Ave

Now
12/06/2024
POM by Jerry Tenenbaum
RE/MAX Top Nest
06/11/2024
$1,800,000
Initial Price by Jerry Tenenbaum
RE/MAX Top Nest

Building Details for 1541 Nostrand Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/2
Learn More About the Building

Contact Agent

Contact Agent

Jerry Tenenbaum
RE/MAX Top Nest
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 89198TH