1950 Nostrand Ave, Brooklyn, NY 11210 Homes for Sale

For Sale

$3,200,000

• 0 beds
• 24 baths
• 18000 Sq Ft

1950 Nostrand Avenue,
Brooklyn, NY, 11210

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Overview

Listing Status Active

MLS 480739

Property Type

Single Family

Year built

1931

Total rooms

0

Lot size

0.14 Acres

Time on NeighborWho

-

Stories

-

Price per Sq Ft

$178

Parking

0e0 car garage

Basement

-

About 1950 Nostrand Avenue, Brooklyn, NY

This is an extraordinary opportunity for an investor to add a turnkey and cash-flowing asset to their real estate portfolio. This solid and stately building is ideally situated and benefits from its prime location on the Nostrand Avenue corridor business district. The Foster Arms Building offers an excellent opportunity to own an income-producing... property with very low maintenance. The subject property is a four (4) story brick construction walk-up building situated on one (1) parcel: 59.75X100 lot size (5,975 SF). The gross building area is 18,000 sf and is comprised of twenty-four (24) rent-stabilized residential units. The building's legal description is Section 16, Block 5231, Lot 34, and Building Classification C1. The building is on the northeast side of Nostrand Avenue between Foster and Farragut Avenue. The building is 100% occupied and leased to twenty-four (24) residential tenants. Each tenant is responsible for their utilities, which include electric and cooking gas charges. The building is well-maintained and has undergone recent interior renovations.: Read more

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