Courtesy of: Eli Haliva, Compass, eli.haliva@example.com
Courtesy of: Eli Haliva, Compass, eli.haliva@example.com
$949,000
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12 bed
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5,400 square feet
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6.00 Bath (6 Full)
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Other
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$949,000
1637 Nostrand Avenue Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized. $111, 516 gross annual rent. $63, 176 NOI. 6.66% cap rate and 8.5x GRM at $949, 000 ($158, 167 per unit). The top-floor unit is fully renovated: open kitchen with quartz island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator. Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold. Rent roll and expense statement available on request.
Courtesy of: Eli Haliva, Compass, eli.haliva@example.com
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