Nakarat (TW Piscis Austrini) was a star that was located a number of parsecs away from Earth and the Sol system, in Federation space, near the border between the Alpha and Beta Quadrants.
History and specifics
Nakarat is visible from Earth, 25 light-years distant, in the constellation of Piscis Austrinus.
The Federation starship USS Nakarat was named for this location. (TOS reference: Star Fleet Technical Manual)