2022 Nostrand Ave Brooklyn, NY 11210

Property Details for 2022 Nostrand Ave

Year built

1933

Lot size

0.04 lot acres

Property size

6,050 SF

Zone code

R7A

Property type

Retail residential properties

APN

05252-0039

APU

52520039

Description

This exceptional 4-story mixed-use building presents a lucrative investment opportunity in the heart of Flatbush, Brooklyn. Boasting 6,050 square feet, the property comprises eight residential apartments and one commercial unit, offering diverse income streams. The building benefits from a protected Tax Class 2B assessment, providing significant tax advantages. Located at 2022 Nostrand Avenue, this walk-up building enjoys a prime location within walking distance of the Flatbush Avenue 2 train station, ensuring convenient access to public transportation. The vibrant Flatbush neighborhood is rich in history and culture, featuring iconic landmarks such as the Kings Theatre, Flatbush Caton Market, and Paerdegat Park. This thriving community offers a diverse population and a strong rental market, making this property an ideal investment for both seasoned and aspiring real estate investors. The asking price is $3,500,000, translating to a price per square foot of $578.51. This represents a compelling value proposition given the property's location, size, and income-generating potential. The building's solid construction and established tenancy further enhance its appeal. This is a rare opportunity to acquire a well-positioned mixed-use asset in one of Brooklyn's most desirable neighborhoods.

Location Insight

City

Brooklyn

County

Kings

State

New York

Longitude

-73.9483

Latitude

40.6361

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments