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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.
| Building Type | Townhouse |
| Building Pets Policy | No Pets |
| Listed | September 16, 2026 |
| Days on Market | 39 |
| Last Updated | October 1, 2026 |
Full public sale/price history isn't available through our listing feed for this property.
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1637 Nostrand Avenue – For Sale
1637 Nostrand Avenue – For Sale
Due to recent rule changes, buyer agent commissions are no longer advertised on the MLS. NestApple estimates your rebate as up to 2% of the purchase price, based on our standard commission-sharing arrangement. Prior to any showing, we will confirm the exact commission and rebate amount with the listing agent and with you in writing. Commissions are not set by law and are fully negotiable. Listing information for this property is sourced via the REBNY RLS, which does not fix, control, recommend, suggest or maintain any commission rates and/or fees for services, and is not the source of any commission information.
Closed-sale data isn't available through our current listing feed for this neighborhood.
