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Image 1 - 1950 Nostrand Avenue, New York, NY 11210, USA - House for sale
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Home For Sale In Brooklyn, New York
1950 Nostrand Avenue, New York, NY 11210, USA

Home For Sale In Brooklyn, New York

house for sale
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Listed: 03/27/24

1950 Nostrand Avenue, New York, NY 11210, USA

Studio Bed:
24 Bath:
18,000 Sq Ft Living Area:
Save
Price
$ 3,2M

About This House

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: 59.75X100lot size (5, 975 SF). The gross building area is18, 000sf 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 …  Full description

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New York Housing & Living

Average sale prices for houses

2 bed
3 bed
4+ bed
Show as List Show as Graph
In April 2024, the asking price for 2 bed houses for sale in/near New York, United States averaged $879,422, a decrease of 13.4% from the previous month.
Median price trends for properties for sale in New York, United States as of April 2024.

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.