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385 Nostrand Ave
Brooklyn, NY 11216

$1,990,000 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 7.28 %
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:	7.28 %
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)	2 min	6 min	0.3 mi
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	16 min	-	4.6 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	6 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	10 min	0.5 mi
Classon Avenue (G - New York MTA Subway (The Subway))	4 min	14 min	0.8 mi
Kingston-Throop Avenues (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
La Guardia	18 min	-	9.3 mi
John F. Kennedy International	25 min	-	10.7 mi
Newark Liberty International	34 min	-	17.6 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