504 Nostrand Avenue, Brooklyn, NY 11216
Kings (Brooklyn) County
Key Facts
Description
Located in Bedford Stuyvesant, this Landmark building (since 1986), The Alhambra is the best example of Romanesque Revival and Queen Ann styles with 6 towers, loggias, gables, arcades and intricate terra-cotta details. This gem was designed by Montrose W. Morris and built by developer Louis F Seitz in (1889-1890). It was built to attract affluent tenants ...and it still does today. A short distance from Pratt Institute, Medgar Evers College, Saint Joseph College and Long Island University. THIS IS THE HOME OF THIS GREAT SMALL BUSINESS. This is a Cafe/coffee shop that received 280 google reviews in one year. Even though it is less than 600 ft, it offers seating for 18 people. It offers crafted coffee, tea, and food in a welcoming atmosphere, making it a great spot for studying or relaxing. It offers a variety of drinks, matcha and chai along with food like sandwiches, pastries and acai bowls. This is a money-making business grossing on the average $30-35K monthly. There are 2 employees that run the place 7 days a week from 7 AM to 4PM. Lease is $4500 with $100 every November. It can be extended till 2031. Water is $30 monthly and garbage $167. Electric depends on AC usage ..$200?? Cozy, calm and inviting ambiance with focus on community connection in a high traffic area. There is always room to alter the menu, offering more and other options and extend the time of operation. Great opportunity to own a business in a Landmark building with lots of traffic. Owner-operators or investors can continue the same business formula or change course and create a new image.
Property Information
Property Type
Business Opportunity
Days on Market
66
MLS® Listing#
988591
Property Features
Affordability Calculator
$9,800
Estimated monthly payment
$261/mo
Principal $39,200 · Est. interest $54,687 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $989,806
- Median Listing Price
- 81
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,910
- Active Listings
- This home’s price is 95% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
- 504 Nostrand Avenue, Brooklyn, NY 11216
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
P. S. K140
Secondary · 0.2 mi away
Leadership Preparatory Bedford Stuyvesant Charter School
School · 0.2 mi away
Alc - M. S. 258
Secondary · 0.2 mi away
Uncommon Collegiate Charter High School
Secondary · 0.2 mi away
The CO- OP School
Elementary · 0.2 mi away
Brooklyn Academy High School
Secondary · 0.2 mi away
Brooklyn East Collegiate Charter School
Secondary · 0.3 mi away
PS 93
Elementary · 0.3 mi away
Clara Muhammad School of Mosque Khalifah
School · 0.3 mi away
PS 3
Elementary · 0.3 mi away
Bedford Academy High School
Secondary · 0.3 mi away
Aabrang Farsi School
School · 0.4 mi away
Arts & Letters 305 United
School · 0.4 mi away
PS 305
Elementary · 0.4 mi away
Satellite East Middle School
Secondary · 0.4 mi away
The Brooklyn Waldorf School
School · 0.4 mi away
Magic Moments Academy
School · 0.4 mi away
Achievement First Brooklyn High School
Secondary · 0.5 mi away
Uncommon Charter High School
Secondary · 0.5 mi away
PS 138
Elementary · 0.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 407 Myrtle Avenue, Brooklyn, NY | $40,000 | — | — | 3,028 |
| 7025 3rd Avenue 1FL, Brooklyn, NY | $45,000 | — | — | 500 |
| 504 Nostrand Ave, Brooklyn, NY | $49,000 | — | — | — |
| 818 59th Street, Brooklyn, NY | $50,000 | — | — | 2,000 |
| 1688 Flatbush Avenue, Brooklyn, NY | $59,000 | — | — | 836 |
| 334 Malcolm X Boulevard, Brooklyn, NY | $60,000 | — | — | 700 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Empire State Realty Group NY - 3474629500
Presented by: Aldo Iemma
Fair Housing Notice