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2988 Nostrand Ave

$1,795,000

2988 Nostrand Ave, Brooklyn, NY 11229

For Sale

Mixed Use

Active

Last Updated: 06/09/2025

5,100 sqft

Building Size

1925

Year Built

Details:

Building Size: 5,100 sqft

Year Built: 1925

Zoning: R3-2

Floors: 3

Floor: Ceramic, Hardwood, Tile

GrossIncome: $140,400

Offered by

Realtor

Vito Angelo

Re/Max At The Slope

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Highlights:

Building Footprint SQFT: 1700
Building Type: Attached
Lot Area: 2000

Description:

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Today's Available Mortgage Rates

2988 Nostrand Ave, Brooklyn, New York 11229

Choose Your Priority

Interest Rate

Mo. Payments

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.

Loan Amount

Rates as of 05/31/2025

Bank^*Lender #1049

5 Year Fixed
25 Year Amortization

Interest rate 5.96% 5 Year Fixed

Mo. Payment$5,876 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees

Loan Amount $915,450 Loan Amount

Details

Bank^*Lender #1049

7 Year Fixed
25 Year Amortization

Interest rate 6.09% 7 Year Fixed

Mo. Payment$5,949 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees

Loan Amount $915,450 Loan Amount

Details

Bank^*Lender #1049

10 Year Fixed
25 Year Amortization

Interest rate 6.19% 10 Year Fixed

Mo. Payment$5,887 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees

Loan Amount $897,500 Loan Amount

Details

Credit Union^*Lender #1298

5 Year Fixed
30 Year Amortization

Interest rate 6.48% 5 Year Fixed

Mo. Payment$6,227 30 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 55% LTV $650 Lender fees

Loan Amount $987,250 Loan Amount

Details

Bank^*Lender #1049

7 Year Fixed
25 Year Amortization

Interest rate 6.09% 7 Year Fixed

Mo. Payment$5,949 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 51% LTV $0 Lender fees

Loan Amount $915,450 Loan Amount

Details

Credit Union^*Lender #1298

10 Year Fixed
30 Year Amortization

Interest rate 6.63% 10 Year Fixed

Mo. Payment$6,210 30 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 54% LTV $650 Lender fees

Loan Amount $969,300 Loan Amount

Details

Bank^*Lender #837

10 Year Fixed
25 Year Amortization

Interest rate 6.92% 10 Year Fixed

Mo. Payment$5,290 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 42% LTV $0 Lender fees

Loan Amount $753,900 Loan Amount

Details

Credit Union^*Lender #854

10 Year Fixed
25 Year Amortization

Interest rate 7.44% 10 Year Fixed

Mo. Payment$5,938 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 45% LTV $250 Lender fees

Loan Amount $807,750 Loan Amount

Details

Bank^*Lender #1049

10 Year Fixed
25 Year Amortization

Interest rate 6.19% 10 Year Fixed

Mo. Payment$5,887 25 Year Amortization

Max LTV

Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 50% LTV $0 Lender fees

Loan Amount $897,500 Loan Amount

Details

Speak With a Loan Consultant

CommLoan is providing quotes for information purposes only. For additional information on the largest commercial real estate lending marketplace, visit: www.commloan.com.