1481 Nostrand Ave, Brooklyn, NY 11226

Asking $1,280,000 - OVER 6% cap rate on existing cashflows FRONT APT CAN BE DELIVERED VACANT FOR BUYER OR OCCUPIED Huge development potential with over 2000 SF of unused air rights - 2.43 FAR allows for 4860 SF of buildable SF (compared to only 2800 SF there now) Turn-key, 100% occupied property Just under $80k in NOI from Day 1 Live upstairs and rent out the other floors or keep as an easy investment property Established, credit tenants with proof of good payment history Low-maintenance asset in great condition - very low RE taxes & low maintenance costs Situated in burgeoning Flatbush neighborhood, 1 block from the 2/5 train on major corridor Nostrand Avenue & from bustling Church Avenue/Nostrand Avenue intersection 1st floor space is brand new/just updated and residential hallway was recently updated EMAIL FOR OFFERING MEMO