About This Home

This 12-bedroom, 6-bathroom residential multi family at 1637 Nostrand Avenue in Brooklyn, NY is listed for $949,000 ($176 per sqft). the home offers 5,400 sqft of living space on a N/A lot.

Property Details

6 full
Listing 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.

Monthly Cost Estimate

$5,075/mo

20% down · 6.5% · 30 years

Principal$686
Interest$4,112
Insurance$277

Estimates only. Actual payments may vary.

Location

1637 Nostrand Avenue

Brooklyn, NY 11226

Flatbush

Questions & Answers

This 12-bedroom, 6-bathroom residential multi family at 1637 Nostrand Avenue is listed at $949,000 ($176/sqft). The estimated monthly payment is $5,076 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

This property is listed by Eli Haliva.

EH

Eli Haliva

Agent at Compass

Listed by Compass · Broker phone: 6469820353

MLS# 11989119· Source: My State MLS· 42 days on PropertySimple

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1637 Nostrand Avenue, Brooklyn, NY 11226

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