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2925 Avenue J, Brooklyn, NY 11210 2374 Nostrand Ave 4,860 SF 100% Leased Retail Building Brooklyn, NY 11210 $4,803,400 CAD ($988.35 CAD/SF)
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!!
- The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!!
- The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!!
- The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, +++!!!
- Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 100% Occupied 7 Unit Corner Mixed-Use Building In Midwood For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 9’ Ceilings, R6/C2-2 Zoning, 3 Apartments, 4 Stores, Basement, Signalized Intersection, All New LED Lighting, 200 Amp Power, CAC, +++!!! The Property Is Located In The Heart Of Midwood Just Blocks From Flatbush Avenue & Brooklyn College!!! Neighbors Include USPS, Honda, Bank Of America, Target, ShopRite, Staples, T.J. Maxx, Dunkin’, Dollar Tree, Pathmark, Aldi, +++!!! The Building Has 102’ Of Frontage On Nostrand Avenue + 22’ Of Frontage On Avenue J!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
Income:
Chinese Restaurant (Corner Store + LL): $42,000 Ann.; M-M.
Shoe Repair Shop: $23,400 Ann.; M-M.
Coffee Shop: $24,000 Ann.; M-M.
Beauty Salon: $54,000 Ann.; M-M.
Apt 1A. (1 Br. Apt.): $23,400 Ann.; M-M.
Apt. 2A (Studio): $13,800 Ann.; M-M.
Apt. 3A (2 Br. Apt): $24,000 Ann.; M-M.
Gross Income: $204,600 Ann.
Expenses:
Gas: $6,477 Ann. (Whole Building)
Electric: $541 Ann. (Hallway & Basement Only)
Maintenance & Repairs: $3,500 Ann.
Insurance: $11,500 Ann
Water & Sewer: $5,157 Ann
Taxes: $20,243.32 Ann.
Total Expenses: $47,418.32 Ann.
Net Operating Income (NOI): $157,181.68 Ann.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$280,875
|
$57.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$280,875
|
$57.79
|
| Taxes |
$27,790
|
$5.72
|
| Operating Expenses |
$37,306
|
$7.68
|
| Total Expenses |
$65,095
|
$13.39
|
| Net Operating Income |
$215,779
|
$44.40
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $280,875 |
| Annual Per SF | $57.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $280,875 |
| Annual Per SF | $57.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $27,790 |
| Annual Per SF | $5.72 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,306 |
| Annual Per SF | $7.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $65,095 |
| Annual Per SF | $13.39 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $215,779 |
| Annual Per SF | $44.40 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,860 SF
Building Class
C
Year Built
1930
Price
$4,803,400 CAD
Price Per SF
$988.35 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.43
Lot Size
0.05 AC
Zoning
R6/C2-2
Parking
6 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- B.J.W Nail Salon
- Services
- -
- -
- -
- Mike's Shoe Repair
- Services
- -
- -
- -
- Number One Chinese Restaurant
- Accommodation and Food Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| B.J.W Nail Salon | Services | - | - | - | ||
| Mike's Shoe Repair | Services | - | - | - | ||
| Number One Chinese Restaurant | Accommodation and Food Services | - | - | - |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07593-0001 | Total Assessment | $290,965 CAD (2025) |
| Land Assessment | $67,954 CAD (2025) | Annual Taxes | $27,790 CAD ($5.72 CAD/SF) |
| Improvements Assessment | $223,011 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
07593-0001
Land Assessment
$67,954 CAD (2025)
Improvements Assessment
$223,011 CAD (2025)
Total Assessment
$290,965 CAD (2025)
Annual Taxes
$27,790 CAD ($5.72 CAD/SF)
Tax Year
2024
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2925 Avenue J, Brooklyn, NY 11210 | 2374 Nostrand Ave
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