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1637 Nostrand Avenue, Brooklyn, NY 11226

Brooklyn
Local realty services provided by:CENTURY 21 Awaye Realty
1637 Nostrand Avenue,Brooklyn, NY 11226
$949,000
  • 12 Beds
  • 6 Baths
  • 5,400 sq. ft.
  • Multi-family
  • Active
Listed by: eli eliahou haliva
Office: compass
MLS#:RLS20115609
Source:NY_REBNY

Price summary

  • Price:$949,000
  • Price per sq. ft.:$175.74

About this home

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.

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Home facts

  • Year built:1931
  • Subdivision & Development:Flatbush
  • Listing ID #:RLS20115609
  • Added:44 day(s) ago
  • Updated:October 31, 2026 at 12:45 PM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:6
  • Full bathrooms:6
  • Rooms Total:30
  • Living area:5,400 sq. ft.

Structure and exterior

  • Year built:1931
  • Building area:5,400 sq. ft.

Finances and disclosures

  • Price:$949,000
  • Price per sq. ft.:$175.74
MLS LogoThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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