2029 Nostrand Avenue

Description

This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, it’s a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place.