Meridian Capital Group
Meridian Investment Sales

480 Nostrand Avenue

480 Nostrand Avenue

Located a few blocks from the historic Prospect Park and Brooklyn Museum, and two blocks from the A and C subway lines

Landmarked Multifamily Building in Prime Bedford-Stuyvesant Location

Type Multifamily
Neighborhood Bedford-Stuyvesant
Properties One Property
Lot Size 6,000 Square Feet
Zoning Code R6A
Size 28,500 Square Feet
Stories Six Stories
Units 25 Units
Air Rights N/A

Investment Highlights:

Meridian Investment Sales is pleased to present for sale 480 Nostrand Avenue, an architecturally stunning 28,500 square foot residential building on a busy corner in Bedford-Stuyvesant. The elegant property contains 25 rent stabilized units, several of which have been recently gut renovated with new appliances. The building comes with a J51 abatement in place that runs through 2031 and a regulatory agreement that will expire in 2026. With over $395,000 of gross annual income, this offering represents a unique opportunity to invest in a stunning, landmarked property with a long-term tax abatement in one of Brooklyn’s most attractive living destinations.