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1088 Nostrand Avenue, Brooklyn (East Flatbush), NY, 11225 | $2,500,000
A stately four-family mixed-use building spans an impressive 5, 514 square feet, delivered vacant and ideal for savvy investors, primary residents, or those looking to establish a business hub in a strategic location that offers a wealth of opportunities. 11 Bedroom, 4 Full Bath | 2 Retail, 1 Event Space with 2 Half Baths | Unfinished Basement Building Size: 26. 67 X 86 | Square footage: 5, 514 | Lot Size: 26. 6 X100 | 950 FAR Delivered vacant! Comprised of four spacious residential units, ideal for rental income or converting into your modern residence. The property includes two retail spaces on the ground floor, perfect for shops, cafes, or offices. Additionally, an event space at the back of the property adds a versatile area for gatherings, workshops, or additional business ventures. Nestled in the bustling Prospect-Lefferts Gardens neighborhood, this property enjoys excellent foot traffic, a thriving community atmosphere, and proximity to local amenities, parks, and public transportation (B44 and B49 bus lines or the 2, 3, Q and B, subway lines) making it an exceptional investment opportunity. Whether you're an investor looking to maximize rental income or/and a multi-faceted business hub, this property offers unparalleled potential. Embrace the opportunity to rejuvenate this historic building and create a landmark destination in one of Brooklyn's most dynamic neighborhoods. Don't miss out on this rare chance to invest in a property brimming with possibilities. Exclusive viewings are available by confirmed appointments only! Contact us today and explore the endless opportunities this gem has to offer!
Features
- Town: Brooklyn
- Rooms: 18
- Laundry: None
- Year Built: 1931
- Cooling: Unknown Type
- Building Access : Walk-up
- Service Level: Voice Intercom
- Built Size: 26'x86'
- OLR#: PRCH20974987
- Days on Market: 114 days
- Website: https://www.raveis.com
/prop/PRCH20974987/1088nostrandavenue_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Daniel Gale of Brooklyn LLC
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1088 Nostrand Avenue, Brooklyn (East Flatbush), NY, 11225
$2,500,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.003% | 6.234% | 5.805% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,044 | $12,152 | $16,475 |
| Total Monthly Payment | $11,169 | $12,277 | $16,600 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535