Listing Courtesy of: Lamar Collins - 718-484-1835
$3,200,000 affordable loan icon Calculate Payment

1950 Nostrand Ave Brooklyn, NY 11210

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Single Family Residence
Beds
24 Baths
Sq. Ft.
0.14 Acre Lot

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Last updated on 11/25/2024 8:09 AM
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.: Continue reading
MLS#
480739
Property Type
Single Family
Bathrooms
24 Full
Year Built
1931
Lot Size
0.14
Stories
4.0

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Listing Courtesy of: Lamar Collins - 718-484-1835
Andrea Conner, License 10311208085, Xome Inc., License 10991227159, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Suite 100, Lewisville, Texas 75067

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This content last refreshed on 11/25/2024 8:09 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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