32-34 Nostrand Ave Brooklyn, NY 11205
Two fully attached, all-brick buildings with 50 ft frontage.
Property Features for 32-34 Nostrand Ave
General Information
- Property type
- Commercial
- Standard status
- Active
Building Details
- Year built
- 1931
Source:
Elliman
Listing Agent: Berach Menczer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Williamsburg Income-Producing Buildings Package
This offering presents a rare opportunity to acquire two fully attached, all-brick income-producing buildings as a single package in Williamsburg, Brooklyn. The properties feature a combined 50 ft of frontage in a sought-after neighborhood. Situated on two 25x100 ft lots, each building provides a 25x65 ft structure. The properties are suitable for investors, developers, or end-users seeking scale and long-term upside. The properties are currently generating approximately $345,485 in annual rent. The buildings are fully occupied with stable tenants and additional upside potential. 32 Nostrand Avenue contains 8 occupied units, while 34 Nostrand Avenue features 7 occupied units and a street-level retail store. Most units feature large 2-bedroom layouts with generous living spaces. Electrical and plumbing were updated approximately 15 years ago. Property taxes are $12,839 for 32 Nostrand Avenue and $14,118 for 34 Nostrand Avenue. The properties offer flexibility to maintain existing cash flow or reposition/redevelop into luxury rentals, condos, or mixed-use.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.953549
- Latitude
- 40.698968
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two fully attached, all-brick buildings with 50 ft frontage.
Where is this apartment building located?
The property is located at 32-34 Nostrand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: - Two fully attached, income-producing brick buildings offered as a single package with 50 ft of frontage in Williamsburg.; - Currently generating approximately $345,485 annual rent roll with fully occupied units and additional upside potential.; - Tremendous flexibility to maintain cash flow or redevelop into luxury rentals, condos, or mixed-use.
