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

1515 Nostrand, Brooklyn, NY 11224

MULTI_FAMILY - Colonial - Brooklyn, NY

Days on Market331

Property Features for 1515 Nostrand

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Basement, Bedroom 2, Bathroom 4, Bedroom 3
Interior features Built-in Features, Eat-in Kitchen
Basement Finished, Full
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: Jul 28 Last Checked: Aug 1 at 10:06PM
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 mixed-use triplex includes an approximately 1,000-square-foot event space on the first floor with two bathrooms. The first-floor area opens out to the back for recreational use. The second floor features three bedrooms, a living room, an eat-in kitchen (EIK), and a bath, with the same layout repeated on the third floor.

A full finished basement is also included and is currently used as storage and a utility area.

Located in the Flatbush area of Brooklyn (address: 1515 Nostrand, Brooklyn, NY 11224, Kings County), the property presents a multi-level residential configuration alongside a dedicated first-floor event space.

Key Highlights

  • Brick colonial mixed‑use property built in 1931 in the Flatbush area of Brooklyn
  • 1,000 SF event space on the first floor with two bathrooms, with access to the back for recreational use
  • Second floor features three bedrooms, a living room, an eat‑in kitchen (EIK), and a bathroom

Property Analytics

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Triplex with an event space on the first floor and three residential units above, plus a fully finished basement.
Where is this triplex 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: Brick colonial mixed‑use property built in 1931 in the Flatbush area of Brooklyn; 1,000 SF event space on the first floor with two bathrooms, with access to the back for recreational use; Second floor features three bedrooms, a living room, an eat‑in kitchen (EIK), and a bathroom
More about this property
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