907B Nostrand Ave Unit 1, Brooklyn, NY 11225

DNY Real Estate is 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.