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Property description
We are pleased to offer for sale 907 Nostrand Avenue. Located in the Brooklyn neighborhood of Crown Heights (and less than a block from major 350k SF development at 975 Nostrand Avenue) this free-market, protected tax class, multifamily building is perfect for an end-user to live here or for an investor to purchase an asset with proven, steady income. Nostrand Avenue is a major Brooklyn thoroughfare along the 2/5 train (a few blocks from 2 stations) and this intersection is heavily trafficked by both cars and people on foot. Offered at a 6% cap rate, 907 Nostrand Avenue has three units, all with established tenants who have good payment history. The apartments are 3bd/2bath and 4bd/2ba with new floors, new washer/dryers in each unit, and new fixtures. This is an easy-to-manage building with good paying tenants who have an established rental history, very low operating expenses (no landlord heating expenses and taxes are very low plus a protected tax class) in a building that has been well-cared for, is low maintenance, and able to generate real cashflows from Day 1.For more details:
Listed by: Jennifer Novelli