$949,000 - 1637 Nostrand Avenue, Flatbush, NY 11226｜ID# RLS20115609
| ID# | RLS20115609 |
| Details | 12 bed, 6 bath, Interior: 5400 ft2, 502m2, 6 Units in the building, Building has 4 floors (DOM): 50 days |
| Construction Year | 1931 |
| Bus | 1 min: B44 |
| 3 min: B49 | |
| 6 min: B35, B44+ | |
| 7 min: B8 | |
| 10 min: B41 | |
| Subway | 2 min: 2, 5 |
| LIRR | 2.2 miles: "Nostrand Avenue" |
| 2.9 miles: "Atlantic Terminal" | |
 |
Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized.
$111,516 gross annual rent. $63,176 NOI. 6.66% cap rate and 8.5x GRM at $949,000 ($158,167 per unit).
The top-floor unit is fully renovated: open kitchen with quartz island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator.
Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold.
Rent roll and expense statement available on request.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved.
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