Contact Hilah for set-up sheet. GUT RENOVATED - MARKET RATE APTS. 1074 Nostrand Avenue · Prospect Lefferts Gardens, Brooklyn, NY 11225 Turn-key six-unit multifamily — fully gut-renovated in 2023/24 New Certificate of Occupancy (CO) is imminent Quick Facts Units: 6 (4 × 1-BR • 1 × Studio • 1 × 2-BR — all market-rate apartments) Stories: 3 + cellar Renovation: Full 2023–24 gut rehab: new electric, plumbing, HVAC splits, roof, windows, sprinklers, finishes Status: Delivered vacant, rent-ready — new CO expected imminently Rental Positioning: Market-rate units in one of Brooklyn’s most in-demand rental pockets Financial Highlights (Pro Forma – May 2025 Market Assumptions) Metric Annual Amount Gross Scheduled Rent (GSR) $186,000 Less 3% Vacancy / Credit Loss ($5,580) Effective Gross Income (EGI) $180,420 Operating Expenses • Property Taxes $7,480 • Insurance $9,000 • Utilities $11,400 • Repairs & Maintenance Reserve $5,000 • Management (~4% of EGI) $4,720 Total Operating Expenses $37,600 Net Operating Income (NOI) $140,323 Asking Price $2,250,000 Cap Rate 6.24% All figures are pro-forma based on current neighborhood market rents and typical expense loads for fully renovated boutique buildings. Investment Story Brand-new interiors & mechanicals — Every apartment features matte-finish hardwoods, recessed LED lighting, Mitsubishi split-systems, stainless-steel appliance suites, stone counters, and spa-style baths. Investors avoid near-term cap-ex. CO delivery certainty — The building has fully completed its gut renovation and the new Certificate of Occupancy is in the final stages, expected imminently, offering a clean handoff for lenders and buyers. Strong market-rate demand — All six units are market-rate, positioned perfectly within a highly sought-after rental corridor. Prospect Lefferts Gardens continues to see double-digit rent growth with sub-2% vacancy, driven by demand from nearby healthcare professionals, creatives, and long-term Brooklyn renters. Transit & lifestyle — Three blocks to the 2/5 at Sterling St, six blocks to the Q at Prospect Park, minutes to Prospect Park, Brooklyn Botanic Garden, and multiple café corridors. Upside Levers Add fee-based storage or bike parking in the cellar Install shared washer/dryer for additional income Future rent lifts as leases roll in a sub-5% vacancy submarket Neighborhood Snapshot Tree-lined blocks, classic limestone façades, and an influx of new eateries make Prospect Lefferts Gardens a magnet for renters priced out of Park Slope and Crown Heights. Median one-bed rents now exceed $2,700/mo while two-beds average $3,300/mo—supporting the pro-forma above. Residents enjoy weekend strolls through Prospect Park, cultural outings to the Brooklyn Museum, and easy commutes city-wide via Eastern Pkwy express trains.