Investment Overview

Marcus & Millichap is pleased to present the exclusive listing located at 1281 Nostrand Avenue, located in the Prospect – Lefferts Gardens section of Brooklyn, NY. The property is currently built three-stories with masonry construction located between Parkside Avenue & Clarkson Avenue (Block: 04828; Lot: 0006). The building is built approximately 25 feet by 60 feet and sits on a 25-foot by 84.17-foot lot and offers 6 total residential units. This unique opportunity to own a stunning 6-unit apartment building located in the sought-after Prospect Lefferts Gardens neighborhood of Brooklyn, NY. Each unit offers spacious 2 bedrooms and 1 bathroom, providing ample living space for tenants. Nestled on Nostrand Avenue, this building is surrounded by a vibrant community, offering easy access to local shops, restaurants, and recreational activities. The building's central location provides convenient access to transportation, making commuting a breeze. Each unit has been renovated throughout the years through (IAI’s) Individual Apartment Improvements & (MCI’s) Major Capital Improvements. 2 of the 6 Units will be delivered vacant at closing. The other 4 units are currently being offered preferential rents with significant upside in the rents. The property is located within one block of the Winthrop 2 & 5 Train. The Residents of 0Prospect – Lefferts Gardens call it Brooklyn's best-kept secret. Also known for its lush, leafy streets and spectacular collection of intact 19th and 20th Century homes. The Neighborhood is bordered by popular attractions such as the Brooklyn Museum, Prospect Park, Brooklyn Botanical Garden & Little Caribbean, where you can find an array of restaurants and shopping.