EMAIL FOR OFFERING MEMORANDUM DNY Real Estate is pleased to offer for sale 1481 Nostrand Avenue. Located in the Brooklyn neighborhood of Flatbush, a block from bustling Church Avenue station on the 2/5 train, this free-market, 100% occupied building is an opportunity to purchase a turn-key investment with great development potential. Nostrand Avenue is a major Brooklyn retail corridor and this intersection is heavily trafficked by both cars and people on foot. Offered at just a 6% cap rate, 1481 Nostrand Avenue has three units - two residential apartments over one retail space. All units are on signed leases with good, strong credit tenants and Seller can provide proof of monthly on-time rental payments. The retail tenant is a home health employment staffing agency. The apartments upstairs are each 2bd/1bath, one of which has a washer/dryer. Both units were renovated within the last ten years and the hallway was updated last year. Overall, the building is in excellent condition and is a low-maintenance asset. While landlord is responsible for gas heat, the annual overall bill is low (around $2500) and retail tenant pays 40%. For an investor, this asset is an opportunity to purchase a property with minimal landlord responsibility and strong cashflows from Day 1, and to capitalize on the long-term growth of Brooklyn and this neighborhood. Alternatively, an end-user could purchase this building and eventually use the retail space for its own business and/or live upstairs in the apartments while benefiting from the additional income from the other units.