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1537 Nostrand Ave
Brooklyn, NY 11226 East Flatbush

$1,475,000 USD

Storefront Retail Residential For Sale  •  3,300 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 3,300 SF
  • Lot Size 0.04 AC
  • Year Built 1931
  • Cap Rate 5.68 %
  • Tenancy Multiple
  • Zoning R6
94 Transit Score
91 Walk Score

Highlights

Heavy foot traffic and close to major retail activity on Church Ave There are two major residential projects across the street.
apartments have split systems for a/c and heat
the two residential apts have good tenants with under market rents. each apt can be easily rented for 3000.00 each.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $83,828 USD (2024)
Cap Rate: 5.68 %
Total Expenses: $20,000 USD

Amenities

  • Bus Line
  • Commuter Rail
  • Metro/Subway

Public Transportation

Commuter RailDriveWalkDistance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 10 min - 2.7 mi
10 min - 3.4 mi
Transit/SubwayDriveWalkDistance
Church Avenue (2,5 line) (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 2 min 3 min 0.2 mi
Beverly Road (2,5 Line) (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 1 min 5 min 0.2 mi
Newkirk Avenue (2,5 Line) (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
Winthrop Street (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) 5 min 11 min 0.6 mi
Church Avenue (B,Q Line) (B - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
John F Kennedy International 22 min - 11.2 mi
LaGuardia 27 min - 12.6 mi
Newark Liberty International 35 min - 19.8 mi
Alex Bilu 917-586-5185 Alexander Bilu Inc.
Alex Bilu 917-586-5185 Alexander Bilu Inc.