2022 Nostrand Ave, Brooklyn, NY 11210

Listing office ZUZ REALTY

Listing date Nov 18, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of ZUZ REALTY

Report an issue

---

Overview

This mixed-use property on Nostrand Avenue in Flatbush presents an investment opportunity. The brand new construction features 8 residential units and 1 commercial storefront. The building is fully occupied and each unit has separate utilities. The property benefits from a 9-year tax abatement, with current taxes at $1,274 per year. Financial highlights include a capitalization rate of 6% and a net operating income of $230,000.

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Bar & Pub Nursing Home Nursing Home Acupuncture (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Brooklyn

County

Kings

State

New York

Longitude

-73.94823

Latitude

40.635028

Nearby Similar for Sale

• 

  $1,030,000

  2,870 SF

  New Retail Condo with Indoor Parking

  Vacant, newly built retail condo with available indoor parking options for a wide range of businesses.

  268 Bay Ridge Avenue, Brooklyn, NY 11220

  View Details
• 

  $1,390,000

  3,239 SF

  First-Floor and Cellar Commercial Condo

  Modern 2017 mixed-use condo with flexible space for office, medical, fitness, or community uses.

  832 40th Street, Brooklyn, NY 11232

  View Details
• 

  $3,100,000

  6,362 SF

  NNN Retail Strip with Parking

  Modern 2015-built retail strip offers three storefronts and 10 in-door parking spaces for NNN tenants.

  268 Bay Ridge Avenue, Brooklyn, NY 11220

  View Details
• 

  $988,000

  2,292 SF

  Storefront Condo with Parking

  Built in 2015 and currently used as a bakery, with indoor parking available for additional cost.

  268 Bay Ridge Avenue, Brooklyn, NY 11220

  View Details
• 

  $900,000

  29,171 SF

  Corner Medical Suite with Private Entrance

  Ground-floor corner suite zoned for ambulatory or diagnostic care, with waiting area, exam room, and private entry.

  531 5th Street, Brooklyn, NY 11215

  View Details
• 

  $999,000

  15,000 SF

  Turn-Key Supermarket Business Opportunity

  Thriving supermarket business for sale in prime Gravesend location.

  53-65 Quentin Road, Brooklyn, NY 11223

  View Details
• 

  $999,000

  8,820 SF

  Established Supermarket Business For Sale

  High-volume supermarket in Bensonhurst/Gravesend with excellent street exposure.

  65 Quentin Road, Brooklyn, NY 11223

  View Details
• 

  $7,200,000

  23,400 SF

  Brooklyn Mixed-Use Investment Opportunity

  Mixed-use property in Brownsville with diverse income streams.

  340 Junius Street, Brooklyn, NY 11212

  View Details
• 

  $1,200,000

  3,822 SF

  Incomplete Renovation Church Conversion

  In-progress renovation offers flexible space for offices, warehouse, retail, manufacturing, or religious use.

  2769 Stillwell Avenue, Brooklyn, NY 11224

  View Details
• 

  $590,800

  1,200 SF

  Ground-Level Retail Storefront with Parking

  Ground-level retail store built in 2015 with available indoor parking and full possession for a flexible tenant buildout.

  268 Bay Ridge Avenue, Brooklyn, NY 11220

  View Details
• 

  $2,190,000

  3,500 SF

  Luxury Atelier & Designer Showroom

  Turnkey, two-story luxury atelier in Sunset Park, Brooklyn.

  821 39th Street, Brooklyn, NY 11232

  View Details
• 

  $1,700,000

  3,000 SF

  Automotive Repair Facility

  Operating automotive repair and service facility with street access and a layout suited to maintenance, detailing, and related services.

  4201 Glenwood Road, Brooklyn, NY 11210

  View Details

FAQs

What type of property is this?

Mixed-use property - New construction with 8 residential units and 1 commercial space.

Where is this mixed-use property located?

The property is located at 2022 Nostrand Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,600,000.

What are key features of this property?

This property features: High 6% Capitalization Rate (CAP) indicating strong investment return.; Substantial Net Operating Income (NOI) of $230,000 providing significant cash flow.; 9 Years Remaining on Tax Abatement resulting in very low annual taxes of $1,274.