1826 Nostrand Ave Brooklyn, NY 11226

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.