2022 Nostrand Ave, Brooklyn, NY 11210
For Sale
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.
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Nostrand Market Corp Food Market Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R7A · Brooklyn, NYBrooklyn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.