12 Beds
6 Baths
5,400 sqft
$949,000
1637 Nostrand Avenue, Brooklyn NY, 11226
Price per sqft$175.74
Built in1931
Property size5,400 sqft
Property typeMulti-family
Overview
Active
Listed Sep 16, 2026
Updated 5 days ago
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.
$6,314/mo
Est. mortgage payment based on a $949,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20115609
Interior Features
- Bedrooms
- 12
- Bathrooms
- 6
- Basement
- No
Exterior Features
- Lot Size
- 0.04 Acres
Other Property Details
- HOA Frequency
- Monthly
Listing Courtesy of Compass - ELI ELIAHOU HALIVA
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This 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
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