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[RFModificationTimestamp] => 2026-10-01T16:25:49Z
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[LivingArea] => 5400
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[City] => New York City
[PostalCode] => 11226
[UnparsedAddress] => 1637 Nostrand Avenue, New York City, New York 11226
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[YearBuilt] => 1931
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[ListAgentFullName] => ELI ELIAHOU HALIVA
[ListOfficeName] => Compass
[ListAgentMlsId] => 52928
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[OriginatingSystemName] => RLS
[PublicRemarks] => 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.
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[CityRegion] => Brooklyn
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[PostalCity] => Brooklyn
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[SourceSystemID] => TRESTLE
[StateOrProvince] => NY
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[StreetNumberNumeric] => 1637
[StreetSuffix] => Avenue
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Rent roll and expense statement available on request.
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[PublicRemarks] => <p>INVESTOR UNIT - Tenant in place through August 2027</p><p>Beautiful two bedroom, two bathroom at the CORTE, a brand new full-service building in Long Island City.</p><p>An entry foyer welcomes residents into the stunning apartment, designed as a luxury-infused, modern residence. The spacious living room features floor-to-ceiling windows that maximize natural light and provide great South exposure. Enjoy high ceiling height, beautifully crafted hardwood floors, ample closet space, and in-unit washer and dryer.</p><p>Featuring all the luxuries of a modern home, the residence includes an open, gourmet kitchen equipped with state-of-the-art appliances, wood cabinetry, and a marble, waterfall island. The primary bedroom features a walk in closet, floor to ceiling windows and a spa-like bath with dual sinks, tiled marble walls and top-of-the line fixtures. The sizable secondary bedroom boasts floor to ceiling windows, good closet space and a spa-like bathroom.</p><p>Enjoy the remarkable evolution of Long Island City, one of New York City's most artsy and vibrant neighborhoods. Nearby the Court Square subway stop (E & M trains) and Queensboro Plaza subway station (7, N, W trains), commuting into Manhattan is a breeze.</p><p>Designed by Argentinian architects Dieguez Fridman and New York based Beyer Blinder Belle, CORTE is a bold new building with clean lines, rich architectural details, and a refined material palette. Wrapped in a tinted glass curtain wall, the contemporary facade appears as a collection of stacked boxes to create a visually stunning experience. Surrounded by landscaped gardens and an extensive amenities package, CORTE is a break from city living. The roof deck provides plenty of room to breathe, sit back, relax, and soak up the sun, gaze at the stars or host some friends for a barbecue. The interior residents' lounge is an extension of your home. Entertain friends, get some work done or cuddle up on the plush couch with a glass of wine and a book. CORTE's amenities package also includes a 24-hour doorman, fully equipped fitness center, kids playroom, and for sale parking.</p>
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