Multi Family, 1637 Nostrand Avenue #, Erasmus - Powered by DMT

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1637 Nostrand Avenue, #

Erasmus

$949,000
 |  12 Beds  |  6 Baths   | 5,400SF

Description

1637 Nostrand Ave, Brooklyn (East Flatbush) — 6-family walk-up, built 1931. 5,400 SF, six 2BR/1BA units. Rent-stabilized.

$111,516 gross annual rent. Underwritten NOI $63,176 (6.7% cap at asking price). $158,167 per door.

All-cash / low-leverage hold play. Steady, predictable income — 10-year horizon.

Listing courtesy of Compass

Property Details

  • Multi Family

Amenities

  • Pets: Building No, No

The Neighborhood

ERASMUS
Clinton Hill

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For information on 1637 Nostrand Avenue, # contact:

realtor top real estate agent

William Kuchins

Licensed RE Salesperson

Licensed RE Salesperson
Will@devmarketingteam.com

Listing courtesy of Compass
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