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No HOA
Street View
$949,000
Monthly Est:$4,724
12 Beds
6 Baths6 full baths
5,400sqft
1637 Nostrand Ave, New York City, NY 11226
$949,000
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Multi Family
Built in 1931
$-- HOA
1,780 sqft lot
$176/sq.ft
Description
Six-family brick walk-up in East Flatbush, half a block from the 2/5 train at Beverly Rd. All six units are 2BR/1BA, 100% occupied and rent-stabilized.
$111,516 gross annual rent. $63,176 NOI. 6.66% cap rate and 8.5x GRM at $949,000 ($158,167 per unit).
The top-floor unit is fully renovated: open kitchen with quartz island and stainless steel appliances. Updated boiler and two hot water heaters. Tax Class 2A, with assessment increases capped at 8% per year and 30% over 5 years. No Local Law 97, no Local Law 11 (FISP), no elevator.
Built for an all-cash or low-leverage buyer who wants stable in-place cash flow on a long-term hold.
Rent roll and expense statement available on request.
- Houzeo last checked: 11 minutes ago
- Listing updated: October 1, 2026 at 4:19 pm
- Listing Provided by: ELI ELIAHOU HALIVA (917) 627-5677 | Compass (212) 913-9058
- Source: Rebny MLS-NY | MLS#: RLS20115609
Property Details
Status
Active
Type
Multi Family
No. of Stories
4
County
City
Neighborhood
--
Year Built
1931
HOA Fees
-
Finished Area
5,400 sqft
Lot Size
1,780 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20115609
Days on Market
46
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 6
Utilities & Energy
Laundry Features
See Remarks
Other Features
Subdivision Name
Flatbush
Price History
| Date | Event | Price |
|---|---|---|
09/16/2026 Source: | Price Increased | $949,000 +0.42% $176/sqft |
09/16/2026 Source: | Listed for Sale | $945,000 $175/sqft |
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The real estate listing data marked with this icon comes from the IDX program of the RLS at REBNY Listing Service (RLS). Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS") through Nov 01, 2026, 08:15PM. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Buyer to verify all information. © 2026 The Real Estate Board of New York, Inc. All rights reserved.
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