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    1826 Nostrand Ave Brooklyn, NY 11226

    Sponsored
    For Sale
    $1,788,000

    Prime Brooklyn Mixed-Use Building, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story mixed-use building at 1826 Nostrand Avenue in Brooklyn, New York, presents a compelling investment opportunity. Built in 1936, the property boasts a 2,000 square foot lot (20' x 100') and a building size of 20' x 85'. Currently operating at 100% occupancy with month-to-month leases, the building generates a strong net operating income (NOI) of $99,500, resulting in a current cap rate of 5.56%. The asking price is $1,788,000. The property comprises six units: one commercial unit and five residential apartments, all contributing to the consistent rental income stream. Situated in a high-demand area and zoned R6, this well-maintained building offers significant potential for value-add improvements and increased future income. The property's strong cash flow and stable tenancy make it an ideal investment for those seeking a low-management, high-return asset. The potential for a higher cap rate (7.6%++) further enhances its attractiveness. This is a rare opportunity to acquire a well-positioned mixed-use property in a thriving Brooklyn neighborhood.

    Property Features for 1826 Nostrand Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Year Built
    1936
    Stories
    3
    Units
    6
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9488431
    Latitude
    40.6413156

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Brooklyn Mixed-Use Building, High ROI
    Where is this mixed-use property located?
    The property is located at 1826 Nostrand Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,788,000.
    (631) 771-7777
    Request Owner's contact information
    1826 Nostrand Ave Brooklyn, NY 11226
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    Brooklyn, NY 11226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1826 Nostrand Ave Brooklyn, NY 11226
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