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1184 Nostrand Avenue
Condo in Prospect Lefferts Gardens •  building info
6bd • 3ba • 3,364ft² $520 per ft²
Sold price

$1,750,000

Key Details
Days on market
1011
Last price change
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Estimated payment
$10,376/mo
Taxes
$678/mo
Maintenance
N/A
Description
1184 Nostrand is cash flowing, mixed use, corner property that is fully occupied. The current cap rate is 6.1% and it has real upside potential. The retail tenant is a strong operator with multiple location. It is located in Prospect Lefferts Gardens, which has seen strong value growth over the last few years. The residential tenant are long term and have a great payment history. This is a terrific opportunity for anyone in a 1031X who is looking to place money in a cash flowing asset, or diversify their equity into real estate. Please contact the listing agent for an Offering Memorandum.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,750,000
Asking Price: $1,750,000
Term
30 Years
Down Payment
$175,000 (10%)
Min: 10% (175,000)
Rate
6.25 %
Mortgage Amount
$1,575,000
Mortgage Payment
$9,698
Common Charges
$0
Taxes
$678
Estimated closing cost
$64,000
Total monthly cost $10,376
Listing Courtesy of Compass

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