Property Description for 1637 Nostrand Ave
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.