Mixed-Use Building in Flatbush

1715 Nostrand Avenue

Flatbush

Size 4560 SF
Cross Streets Crotelyou Road + Clarendon Road
Units 4
Subways
2
5
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Mixed-Use 1715 Nostrand Avenue, Flatbush
Matthew Cosentino
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Overview

TerraCRG has been exclusively retained in the sale of 1715 Nostrand Avenue – a free market mixed-use
building located in Flatbush.
The three-story building is 4,560 SF with three free market residential units over one ground floor retail unit. The apartments consist of two floor-thorugh four-bedroom four bath and one two-bedroom two bath units with separated heating for each unit. The commercial space is currently occupied by a successful salon paying full rent.
The property has an in-place gross income of $130,368 and Net Operating Income of $115,340 which represents a ~6% Cap Rate at asking price.
The property has great subway access set just two blocks from the 2 and 5 trains at the Newkirk Avenue Station, providing an easy commute to Downtown Brooklyn and Lower Manhattan. Major attractions in proximity to 1715 Nostrand Avenue include Prospect Park and the newly renovated Kings Theatre just a few blocks away, which brings in world-renowned talent and entertainment. Sitting along the Nostrand Avenue retail corridor, the building is surrounded
with restaurants, cafés and national tenants, as well as boutique shops and eateries.

Attractions

Kings Theatre

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