1423 Nostrand Ave

1421 and 1423 Nostrand Avenue together comprise two adjoining 20-foot-wide, three-story mixed-use buildings, creating a prominent corner property with a combined 40-foot-wide ground-floor retail space and a full basement. Above the retail component are four free-market three-bedroom apartments, each approximately 978 square feet, featuring full kitchens and bathrooms, spacious living and dining areas, efficient layouts, and excellent natural light. The properties present a strong user opportunity, allowing for a restaurant, supermarket, or similar retail uses on the ground floor, with potential to convert the second floor to commercial space as well. From an investment perspective, additional value can be created through renovations to common areas, stairs, plumbing, and mechanical systems, and the available air rights allow for the addition of another floor. Located at a high-traffic corner near the 2 and 5 subway lines at Church and Nostrand Avenues, the buildings benefit from strong pedestrian activity; however, buyers should note that current tenants are not paying rent and will require legal action or buyouts.