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329 Nostrand Ave - Availability Details

329 Nostrand Ave, Brooklyn, NY 11216

  • For Sale Contact for pricing
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11216
  • Market Brooklyn
  • Property Type Mixed Use
  • Property Size 4,212 Sqft
  • Lot Size 0.03 Acre
  • Year Built 1931
  • Date Updated 21 Jan, 2021

TerraCRG has been retained to exclusively represent ownership in the sale of the Free Market, mixed use building located at 329 Nostrand Avenue in the Bed-Stuy

neighborhood of Brooklyn. The property is located between Lexington Avenue and Quincy Street.

The four story, brick building consists of three Free Marketresidential units and 1 vacant retail store. The residential units are all full floor, four bedroom units that has recently undergone a gut renovation and includes washer/dryer, separate heating and upscale appliances.

The building has a total SF of 4,212 SF. Two out of the three residential units are occupied. There is a gross projected rent roll of $154,848 and a projected NOI of $124,376. At the asking price the building represents a PPSF of ~$592.

The building is in tax class 2A which limits the tax increases per year.

Located on the western edge of Bed-Stuy, the property provides great access to the Bedford Avenue retail corridor with a plethora of attractions such as the Bedford YMCA, Do or Dive Bar, the Corners Bar, Burger King and more.

The building is located a few blocks away from the Bedford Nostrand Avenue station, with access to the G train, in addition to

the local A,C train at Nostrand Avenue and Fulton Street.

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Location

  • City Brooklyn, NY
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11216
  • Market Brooklyn

Contacts

broker

Michael Hernandez

TerraCRG

(718) 768-6888

broker

Matt Cosentino

SYSTEM

(718) 768-6888

broker

Eddie Laboz

TerraCRG

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