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Mixed-Use Property with Event Space
For Sale
$1,250,000
Pending

1515 Nostrand, Brooklyn, NY 11224

Residential Income, Brooklyn, NY

Property SizeContact for details
Days on Market385

Property Features for 1515 Nostrand

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Basement, Bathroom 2
Interior features Built-in Features, Eat-in Kitchen
Basement Full, Finished
Elementary school Ps 241 Emma L Johnston
High school Aspirations Diploma Plus High School
Elementary school district Brooklyn 17
Middle school district Brooklyn 17
High school district Brooklyn 17
Directions Google Maps
Standard status Pending

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7431

Utilities

Sewer type Public Sewer
Heating system Baseboard
Water source Public

Building Details

Year built 1931
Number of units 3
Building materials Brick
Architectural style Colonial
Listing Agency: HomeSmart CrossIsland
Listed By: Arthur Briscoe SFR CBR
Added: Sep 5, 2025 Changed: Sep 15 Last Checked: Sep 24 at 9:06AM
MLS# 909428

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This brick mixed-use property combines a first-floor event area with residential accommodation on the upper levels. The event space measures 1000Sq ft and includes two bathrooms, with access to a rear area used for recreation. The second and third floors share a similar configuration, each offering three bedrooms, a living room, eat-in kitchen, and full bathroom.

A full finished basement provides storage and utility space. The building was constructed in 1931 and features Colonial architectural styling, baseboard heating, and public water and sewer service. Located at 1515 Nostrand in Brooklyn, the property is identified in postal code 11224.

Key Highlights

  • 1000Sq ft first‑floor event space with two bathrooms
  • Rear access from the event area to space used for recreation
  • Two upper floors, each with three bedrooms, living room, eat‑in kitchen, and bathroom

Property Analytics

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Current Use

Brooklyn Fête Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Gym & Fitness Center Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

6,725
Businesses Nearby

Demographics for 11224, NY

46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor gathering space is paired with two matching three-bedroom residential layouts above.
Where is this mixed-use property located?
The property is located at 1515 Nostrand Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1000Sq ft first‑floor event space with two bathrooms; Rear access from the event area to space used for recreation; Two upper floors, each with three bedrooms, living room, eat‑in kitchen, and bathroom
More about this property
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