6-Unit Rent-Stabilized Apartment
1637 Nostrand Avenue, Brooklyn, NY 11226
For Sale
$890,000
Residential Income, Brooklyn, NY
Property Size5,400 SF
Price / SF$164.81
Days on Market60
Property Features for 1637 Nostrand Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Standard status
Size
Additional Details
Tenant in Place
Building Details
Architectural style
Listing Agency:
Compass
(646) 982-0353
Listed By:
Eli Haliva · License NY 30HA1176670
Added: Sep 15
Changed: Nov 12
Last Checked: Nov 13 at 4:06AM
MLS# 11989119
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
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This 5,400-square-foot, six-unit brick walk-up in East Flatbush contains six two-bedroom, one-bathroom apartments. All units are occupied and rent-stabilized. The renovated top-floor apartment has an open kitchen with a quartz island and stainless steel appliances. Building systems include an updated boiler and two hot water heaters; there is no elevator. The property is Tax Class 2A, with assessment increases limited to 8% annually and 30% over five years. The reported cap rate is 6.66%, with an 8.5x GRM.
1637 Nostrand Avenue is half a block from the Beverly Road station, served by the 2 and 5 trains. The property is also identified as having no Local Law 97 or Local Law 11 (FISP) requirements.
1637 Nostrand Avenue is half a block from the Beverly Road station, served by the 2 and 5 trains. The property is also identified as having no Local Law 97 or Local Law 11 (FISP) requirements.
Key Highlights
- Six occupied, rent‑stabilized apartments; each has 2 bedrooms and 1 bathroom
- 5,400 square feet in a brick walk‑up building
- Half a block from the Beverly Rd 2/5 train station
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,529
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Market
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Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartments offer consistent two-bedroom, one-bathroom layouts under rent stabilization.
Where is this apartment building located?
The property is located at 1637 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Six occupied, rent‑stabilized apartments; each has 2 bedrooms and 1 bathroom; 5,400 square feet in a brick walk‑up building; Half a block from the Beverly Rd 2/5 train station
