Property Description for 1827 Nostrand Ave
The Property is a 20’ wide, tax class 2A, and comprised of six (6) apartments across 4,560 SF. The Property is a 50% rent stabilized, 3-story, multifamily building, conveniently located on Nostrand Avenue – just 1-block to the 2 & 5 Trains at Newkirk Ave Station.
1827 Nostrand Ave is occupied but offers a significant upside as there are 3 Free market units. Upon vacancy/turnover, investors will be able to raise rents with the market on the three (3) FM units.
Inquire for current RR.