907 Nostrand Avenue Brooklyn, NY 11225

Multi-Family (2-4 Units) MLS #: 11338754 Courtesy Of DNY REAL ESTATE

$1,695,000

7 beds | 4 baths | 4,545 sq ft
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Est. Property Tax: $7,556
Estimated monthly payments: $8,039/mo.* (recalculate)

Property InformationDescription

We are pleased to offer for sale 907 Nostrand Avenue. Located in the Brooklyn neighborhood of Crown Heights (and less than a block from major 350k SF development at 975 Nostrand Avenue) this free-market, protected tax class, multifamily building is perfect for an end-user to live here or for an investor to purchase an asset with proven, steady income. Nostrand Avenue is a major Brooklyn thoroughfare along the 2/5 train (a few blocks from 2 stations) and this intersection is heavily trafficked by both cars and people on foot. Offered at a 6.6% cap rate, 907 Nostrand Avenue has three units, all with established tenants who have good payment history. The apartments are 3bd/2bath and 4bd/2ba with new floors, new washer/dryers in each unit, and new fixtures. This is an easy-to-manage building with good paying tenants who have an established rental history, very low operating expenses (no landlord heating expenses and taxes are very low plus a protected tax class) in a building that has been well-cared for, is low maintenance, and able to generate real cashflows from Day 1.

Features

  • Amenities: Dock
  • Appliances: Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
  • Architecture Style: Other
  • Exterior Type: Brick
  • Floor Covering: Hardwood
  • Heating System: Heat Pump

MAP & DIRECTIONS

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907 Nostrand Avenue, Brooklyn, NY 11225
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School Information

907 Nostrand Avenue, Brooklyn, NY 11225

Elementary School
Grades KG-5 | Public School
P.S. 161 THE CROWN SCHOOL
Brooklyn, NY 11225
330 Crown St
718.­756.3100
Distance: 0.1 mi
School Rating
C
Student:Teacher Ratio
14:1
Total Students
322
Middle School
N/A
High School
N/A
Other Nearby Schools Distance Type Grades School Rating
Success Academy Charter School-crown Heights 0.1 mi Public KG-8 B+
Medgar Evers College Preparatory School 0.1 mi Public 6-12 C+
M.s. 61 Dr. Gladstone H. Atwell 0.2 mi Public 6-8 C+
Bnos Chomesh 0.3 mi Private 10-12
St Francis Of Assisi Catholic Academy 0.3 mi Private PK-8
St Mark's Day School 0.3 mi Private PK-8
Aspirations Diploma Plus High School 0.4 mi Public 9-12
P.s. 375 Jackie Robinson School 0.5 mi Public KG-5 D-
Bnos Chomesh Academy 0.5 mi Private 10-12
Lefferts Garden Montessori 0.5 mi Private UG
Ebbets Field Middle School 0.5 mi Public 6-8 B
Bnos Chomesh Academy 0.5 mi Private 10-12
Little Flower Preparatory School, Inc. 0.5 mi Private PK-5
Darchai Menachem Inc 0.5 mi Private 3-12
Mary Bobb Learning Academy 0.5 mi Private 1
P.s. 397 Foster-laurie School 0.5 mi Public PK-5 A
Hebron Seventh-day Aventist Bilingual 0.5 mi Private PK-8
Little Angel Daycare Center #3 0.5 mi Private PK-KG
Arista Preparatory Nursery School 0.5 mi Private PK-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Brooklyn, NY 11225

Median Age: 37.2
Married: 26%
Number of Households: 23,190
Households with Children: 23%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
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