Price Reduced 34.62%
Price History
$1,300,000
9/24/2025
$1,100,000
10/3/2025
$850,000
10/31/2025
2029 Nostrand Avenue, Brooklyn, NY, 11210
1940
This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, it’s a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place.
Status:
Active
Type:
Commercial
Units:
3
Heating:
Hot Water, Natural Gas, Oil
Cooling:
Wall/Window Unit(s)
Levels:
3
Acreage:
0.05
Est. Taxes:
$6,843
Construction
Brick
Utilities
None
Days on Market:
37
MLS #:
916783
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Besmatch Real Estate 718-324-6060