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    FOR SALE
    Retail residential properties

    2022 Nostrand Ave, Brooklyn, NY 11210

    6,050 SF 0.04 ac lot Built 1933
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US63-3480682
    2022 Nostrand Ave, Brooklyn, NY 11210 For Sale
    $2,600,000 6,050 SF
    2022 Nostrand Ave, Brooklyn, NY 11210
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    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail residential properties
    Use group STORES & APARTMENTS
    Year built 1933
    Total area 6,050 SF
    Lot 0.04 ac (1,760 SF)
    Zoning code R7A
    APN 05252-0039
    UPID US63-3480682
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nostrand Market Corp Food Market Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.91M
    Owner & transaction history
    2022 Nostrand Ave LLC · 10 yrs held
    2022 Nostrand Ave LLC
    since 2016
    7 recorded transactions
    2025
    2018
    2017
    2016
    $1.2M
    2015
    $800,000
    2011
    2004
    Zoning & alternative use
    R7A · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $3.0M +42.6%
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    More about this property
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