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1827 Nostrand Ave
Brooklyn, NY 11226

Residential Property For Sale · 6 Units

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Executive Summary

The Property is a 20’ wide, tax class 2A, and comprised of six (6) apartments across 4,560 SF. The Property is a 50% rent stabilized, 3-story, multifamily building, conveniently located on Nostrand Avenue – just 1-block to the 2 & 5 Trains at Newkirk Ave Station.
21827 Nostrand Ave is occupied but offers a significant upside as there are 3 Free market units. Upon vacancy/turnover, investors will be able to raise rents with the market on the three (3) FM units.
Current 5.19% caprate
Proforma 7.5% cap rate

PROPERTY FACTS

Price Per Unit	£176,998	Building Class	C
Sale Type	Investment	Lot Size	0.05 AC
Net Initial Yield	7.50%	Building Size	4,560 SF
No. Units	6	Number of Floors	3
Property Type	Residential	Year Built	1931
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price Per Unit	£176,998
Sale Type	Investment
Net Initial Yield	7.50%
No. Units	6
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.05 AC
Building Size	4,560 SF
Number of Floors	3
Year Built	1931
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
2+1	6	-	-

PROPERTY TAXES

Parcel Number	04947-0056	Improvements Assessment	£270,073
Land Assessment	£4,328	Total Assessment	£274,402

PROPERTY TAXES

Parcel Number

04947-0056

Land Assessment

£4,328

Improvements Assessment

£270,073

Total Assessment

£274,402

zoning

Zoning Code	R6
R6

Listing ID: 34357948
Date on Market: 03/01/2025
Last Updated:
Address: 1827 Nostrand Ave, Brooklyn, NY 11226

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