480 Nostrand Avenue
480 Nostrand Avenue
Located a few blocks from the historic Prospect Park and Brooklyn Museum, and two blocks from the A and C subway lines
Bedford-Stuyvesant
Bedford-Stuyvesant
Landmarked Multifamily Building in Prime Bedford-Stuyvesant Location
| Type | Multifamily |
|---|---|
| Neighborhood | Bedford-Stuyvesant |
| Properties | One Property |
| Lot Size | 6,000 Square Feet |
| Zoning Code | R6A |
| Size | 28,500 Square Feet |
| Stories | Six Stories |
| Units | 25 Units |
| Air Rights | N/A |
Investment Highlights:
Meridian Investment Sales is pleased to present for sale 480 Nostrand Avenue, an architecturally stunning 28,500 square foot residential building on a busy corner in Bedford-Stuyvesant. The elegant property contains 25 rent stabilized units, several of which have been recently gut renovated with new appliances. The building comes with a J51 abatement in place that runs through 2031 and a regulatory agreement that will expire in 2026. With over $395,000 of gross annual income, this offering represents a unique opportunity to invest in a stunning, landmarked property with a long-term tax abatement in one of Brooklyn’s most attractive living destinations.
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