FOR SALE
1950 Nostrand Ave
Brooklyn, NY 11210
Flatbush
Studio
24 Baths
18,000 sqft
- Studio
- 24 Baths
- 18,000 sqft
Studio
24 Baths
18,000 sqft
Local Information
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Commute Destination
Description
This is an extraordinary opportunity for an investor to add a turnkey and cash-flowing asset to their real estate portfolio. This solid and stately building is ideally situated and benefits from its prime location on the Nostrand Avenue corridor business district. The Foster Arms Building offers an excellent opportunity to own an income-producing property with very low maintenance. The subject property is a four (4) story brick construction walk-up building situated on one (1) parcel: 59.75X100 lot size (5,975 SF). The gross building area is 18,000 sf and is comprised of twenty-four (24) rent-stabilized residential units. The building's legal description is Section 16, Block 5231, Lot 34, and Building Classification C1. The building is on the northeast side of Nostrand Avenue between Foster and Farragut Avenue. The building is 100% occupied and leased to twenty-four (24) residential tenants. Each tenant is responsible for their utilities, which include electric and cooking gas charges. The building is well-maintained and has undergone recent interior renovations.:
Home Highlights
Parking
None
Outdoor
No Info
A/C
Heating only
HOA
No HOA Fee
Price/Sqft
$178
Listed
36 days ago
Last check for updates: about 16 hours ago
Listing by: Vanguard R E Brokerage Group, (718) 570-5131
Lamar M. Collins
Source: BNYMLS, MLS#480739
Home Details for 1950 Nostrand Ave
Interior Features |
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Interior Details Basement: Cellar |
Beds & Baths Number of Bathrooms: 24Number of Bathrooms (full): 24 |
Dimensions and Layout Living Area: 18000 Square FeetFoundation Area: 4979 |
Appliances & Utilities Appliances: Stove |
Heating & Cooling Heating: Oil,Steam/RadiatorNo CoolingHas HeatingHeating Fuel: Oil |
Gas & Electric Electric: 200 Amp |
Windows, Doors, Floors & Walls Flooring: Hardwood |
Levels, Entrance, & Accessibility Stories: 4Floors: Hardwood |
Exterior Features |
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Exterior Home Features Roof: Asphalt TarFoundation: Block |
Parking & Garage No CarportNo GarageNo Attached GarageParking: None |
Days on Market |
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Days on Market: 36 |
Property Information |
|---|
Year Built Year Built: 1931 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Building: Resident SuperintendentConstruction Materials: Brick, MasonryAttached To Another Structure |
Price & Status |
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Price List Price: $3,200,000Price Per Sqft: $178 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: BrooklynCommunity: Brooklyn |
Agent Information |
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Listing Agent Listing ID: 480739 |
Building |
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Building Area Building Area: 18000 Square Feet |
Community |
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Units in Building: 24 |
Lot Information |
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Lot Area: 5975 sqft |
Listing Info |
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Special Conditions: Arm's Length |
Miscellaneous |
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BasementMls Number: 480739 |
Price History for 1950 Nostrand Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/21/2024 | $3,200,000 | Listed For Sale | BNYMLS #480739 |
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Comparable Sales for 1950 Nostrand Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $1,530,000 | 10/24/23 | 10 | 5 | 3,000 | |
0.33 | Multi-Family Home | $1,225,000 | 01/15/24 | 9 | 5 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Flatbush
- Vcxxjsjdzd
- Resident
- 2mo ago
"I have good kids they go to school sometimes they work they almost done with high school one of them is going to trade "
- Paul Ford
- Visitor
- 3mo ago
"It's pet friendly. Nice walking space to talk our pets for walk and theirs many restaurants to choose from. "
- Patrick Buzzell
- Resident
- 3mo ago
"Not much green space, no dog parks close by. Most dogs in the neighborhood seem friendly and always on a lease."
- Trulia User
- Resident
- 5mo ago
"It’s okay but not good. Things are either slow or packed or both. The place is unkempt but things are generally alright."
- Trulia User
- Prev. Resident
- 7mo ago
"The energy from the people around all different nationality is a plus for me and the many stores that convinced for me and my children to utilize and different eatery's also amazing 🤩😍"
- Trulia User
- Resident
- 7mo ago
"The people who live in the surroundings are very friendly. The transport locations are very good and it’s safe."
- Trulia User
- Resident
- 8mo ago
"My neighborhood has a lot of different ways to travel. Lots of culture and your neighbors are reliable. Love this neighborhood and hope to stay and not be pushed out. "
- Trulia User
- Resident
- 8mo ago
"A good neighbor hood, and very well kept sidewalks. Park is foots away and very respectful neighbors, I like the whole Community. "
- Trulia User
- Prev. Resident
- 8mo ago
" nice community people from different parts of life a classic community & people clean community nice shopping area's & subway, Bus take to church "
- Trulia User
- Resident
- 9mo ago
"Very diverse with the different cultures. Easy to travel with the bus stops and train stations at most corners. "
- Trulia User
- Resident
- 10mo ago
"The 2/5 train isn’t too crowded since we are close to the last stop. Runs very frequently and connects to most trains."
- Trulia User
- Prev. Resident
- 11mo ago
"This neighborhood is very nice and safe.The police is near by the post office is too and the market is too . I like the neighborhood."
- Trulia User
- Resident
- 1y ago
"You always see people walking their dogs and prospect park is near by. Just be aware of lots of traffic (cars and people) "
- Trulia User
- Visitor
- 1y ago
"i want to live these area, i like these area very much. these area very quiet and very comfortable for me"
- Trulia User
- Resident
- 1y ago
"Nice place to be and raise children. It’s the city tho! So you have to be aware of your surroundings. But overall community feel"
- Trulia User
- Resident
- 1y ago
"There’s a train station or bus stop at every corner. Everything is in walking distance. You can commute with ease and have no issues getting transportation. "
- Trulia User
- Resident
- 1y ago
"The diversity of the neighborhood. The neighborhood is mostly West Indian, but is very welcoming. I lived here my whole life, and I have always feel safe walking around the neighborhood. It’s great and you will meet new people whether they’re from the Caribbean or other parts of the world. "
- Trulia User
- Resident
- 1y ago
"It it surely so convenient and I love the homeiness of the neighborhood. You really feel at home here."
- Trulia User
- Resident
- 1y ago
"Prospect park is close by, the roller skating ring is there and when winter come they turn it into the ice skating ring, Brooklyn Botanic Gardens is also there and Prospect park zoo."
- Trulia User
- Resident
- 1y ago
"Lot of public housing. Lawns and sidewalks kindof in disarray, dog poop everywhere. Somewhat inconvenient for MTA transport and food desert"
- Trulia User
- Resident
- 2y ago
"soccer,tennis,swimming,YMCA ,good schools,safe parks,trians and public transportation is available "
- Trulia User
- Resident
- 2y ago
"Caribbean restaurants that offer great tasting food. Public transportation is in close proximity. "
- Trulia User
- Resident
- 2y ago
"it's hard to get to most places I need to go. we really need a train line that connects the Brooklyn train lines. it's awful going into Manhattan to get to another part of Brooklyn."
- Trulia User
- Resident
- 2y ago
"I lived in this neighborhood for thirty years and it's pretty safe and neighborly. it's getting pretty expensive to live here."
- Trulia User
- Prev. Resident
- 2y ago
"This neighborhood is something. If you are used to the noise from music from cars and stores. I live around the 2 and 3 train and I always take it to Manhattan to Atlantic Barclays center. "
- Trulia User
- Resident
- 2y ago
"The home values are excellent and there is lots of new construction popping up all the time! It is so close to the park which is fantastic!"
- Trulia User
- Resident
- 2y ago
"Flatbush is a nice Urban Area, lots of places to shop and you are accessible to get different things. "
- Trulia User
- Resident
- 2y ago
"Dog friendly area but people don’t pick up after their dogs. Very noisy and busy area. Not ideal for nervous or reactive dogs. "
- Trulia User
- Resident
- 2y ago
"I live in this neighborhood for 4yrs now, some people are friendly some are dangerous. You have to watch your back when walking alone in this area. "
- Trulia User
- Resident
- 2y ago
"Very active. Lots of restaurants, supermarkets, laundry, cleaners, pharmacies, subways, churches & every convenience you can think of. Friendly neighbors; they look out for each other. Parking is a bit rough at times. Safe to walk your dog. Pretty busy but tolerable neighborhood 🙏🏾"
- Trulia User
- Resident
- 2y ago
"Gardening and block parties. Block clean ups. Community meetings. no other events really in the neighborhood "
- Trulia User
- Resident
- 2y ago
"Nothing, cause people here don't clean up after there dogs. It is a consistent struggle in this area."
- Trulia User
- Prev. Resident
- 2y ago
"Not for raising children. People are nice but there are the craziest people there as well. If your a single woman I do t recommend it. "
- Trulia User
- Resident
- 3y ago
"Close to transportation, good Caribbean food. Noisy streets, especially on major holidays. Unclean streets, many grocery stores nearby."
- Tanya T.
- Resident
- 3y ago
"Every other neighbor owns a dog sometimes multiple. Dogs are able to walk leash free. Though picking up after dogs are not followed so much. Also we have many perks for dogs to run around in in the 1 mile radius there are at least 3 parks. "
- Chenelle S.
- Resident
- 3y ago
"There are a lot of children in the neighborhood. There are also good schools and parks in walking distance from either schools or housing. "
- Emee.buena
- Resident
- 3y ago
"I see a lot of dog owners walking their dogs on our street. No children are playing around but men tend to hang out on certain street, so I would say that dog owners might not like it."
- Shamika B.
- Resident
- 3y ago
"Very convient neighborhood, plenty of families and friendly people. The location is great on transportation to the city as well"
- Chie M.
- Resident
- 3y ago
"There are a lot of restaurants and cafes in the neighborhood. It’s nice. But things are still rough. There are still gangs, drug dealers and shootings in 2020 "
- Rghindea7
- Resident
- 3y ago
"Not a ton of grassy areas unless your building has a courtyard. However the sidewalks are wide and the neighborhood is close to Prospect Park! 10-15 min walk from Church and Nostrand. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Lamar M. Collins, Vanguard R E Brokerage Group
The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.