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

$1,750,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
59
Last price change
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Estimated payment
$10,633
Taxes
$678
Monthly common charges
$0
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
Parking Available
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
6.5 %
Mortgage Amount
$1,575,000
Mortgage Payment
$9,955
Common Charges
$0
Taxes
$678
Estimated Yoreevo rebate
$29,167
Estimated closing cost
$64,000
Total monthly cost $10,633
Buy your dream home with us and get an estimated
$29,167 rebate.
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Listing Courtesy of Compass

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