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385 Nostrand Ave
Brooklyn, NY 11216

$1,925,000 USD

Storefront Retail Residential For Sale • 3,200 SF

Property Details

Property Type Storefront Retail Residential
Total Building Size 3,200 SF
Lot Size 0.04 AC
Building Class B
Year Built 1910
Cap Rate 7.52 %
Tenancy Multiple
Zoning R6A; CR-4

100 Transit Score

96 Walk Score

                
                    Highlights
                
                                Heavy foot and car traffic
                            
                                Two 3 bed/2 bath renovated apartment units, both with in-unit laundry 
                            
                                Storefront commercial space with finished basement, bathroom, and private backyard - delivered vacant (projected rent $6,000/month)
                            
                                Common roof deck 
                            
                                Apartment 1 lease expires 2/28/25 (actual rent $3,700), Apartment 2 lease expires 1/31/25 (actual rent $3,777)
                            
                                Recently Renovated

Property Flyers

385 Nostrand Ave ProForma

Financial Summary (Proforma)

Net Operating Income: $144,849 USD (2024)

Cap Rate:	7.52 %
Total Expenses:	$16,875 USD

Amenities

Metro/Subway
Signalized Intersection
Tenant Controlled HVAC
Roof Terrace
Storage Space
Recessed Lighting
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	3 min	9 min	0.5 mi
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	6 min	-	2.3 mi
Transit/Subway	Drive	Walk	Distance
Nostrand Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	5 min	0.3 mi
Bedford-Nostrand Avenues (G - New York MTA Subway (The Subway))	3 min	9 min	0.5 mi
Franklin Avenue (A,C,S Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), Franklin Avenue Shuttle - New York MTA Subway (The Subway))	3 min	9 min	0.5 mi
Kingston-Throop Avenues (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	2 min	14 min	0.8 mi
Classon Avenue (G - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Laguardia	21 min	-	9.8 mi
John F Kennedy International	24 min	-	11.5 mi
Newark Liberty International	31 min	-	16.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Joshua Golan 718-415-4410 The Golan Team

385 Nostrand Ave Brooklyn, NY 11216