11
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$1,100,000
Est. payment /mo
1,999 Sqft Lot
Price Dropped by $200K
2029 Nostrand AVE Brooklyn, NY 11210
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UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 916783
Rental Info No
Year Built 1940
Annual Tax Amount $6,843
Lot Size 1,999 Sqft
Acres 0.0459
Property Sub-Type Mixed Use
Source onekey2
Property Description
This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, it's a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place.
Location
State NY
County Kings (brooklyn)
Interior
Heating Hot Water, Natural Gas, Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available None
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by YourHomeSold Guaranteed Realty • Earl A. Pennant
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