Three-Family
1668 Nostrand Avenue Brooklyn, NY 11226
For Sale
$1,999,999
MULTI_FAMILY - Brooklyn, NY
Property Size3,820 SF
Lot Size0.05 Acres
Price / SF$523.56
Days on Market135
Property Features for 1668 Nostrand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Rooms
Laundry Room, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4, Bedroom 8
Patio and Porch features
Patio
Interior features
Entrance Foyer
Fencing
Fenced
Standard status
Active
Size
3,820 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6800
Utilities
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1901
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Stone
Roof type
Flat
Listing Agency:
ETMAN JUDY Z
(516) 506-7163
Listed By:
Judy Etman
(516) 506-7163
Added: Mar 16
Changed: Jul 22
Last Checked: Jul 28 at 10:06AM
MLS# 11674243
Copyright © 2026 My State 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.
A newly renovated three-family brownstone featuring 2/3/3 unit configurations. Each apartment has central heat and air and is separately metered, and the building includes hardwood floors. The property also offers a full-height, finished basement with a full bath. Additional recent improvements include new windows and roof, a state-of-the-art video security system, and a camera security bell system. Front and rear access are available, along with a newly built front yard with stone and pavers.
The property is located at 1668 Nostrand Avenue in Brooklyn, NY 11226, with walkable access to shopping and transportation.
The building’s layout supports separate apartment utilities and includes yard access from the front and back entrances, providing straightforward day-to-day usability for residents.
The property is located at 1668 Nostrand Avenue in Brooklyn, NY 11226, with walkable access to shopping and transportation.
The building’s layout supports separate apartment utilities and includes yard access from the front and back entrances, providing straightforward day-to-day usability for residents.
Key Highlights
- Three‑family 2/3/3 layout with separate metering for each apartment
- Stone construction with flat roof; built in 1901
- Central heat and air reported, with forced‑air and electric (heating) systems
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.4k | $37.80 |
| − Vacancy | −$6.1k | −$1.59 |
| EGI | $138.3k | $36.21 |
| − OpEx | −$41.5k | −$10.86 |
| NOI | $96.8k | $25.35 |
3,820 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,832 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,553 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,166 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Newly renovated three-family with central heat and air, separate metering, and a finished, full-height basement.
Where is this triplex located?
The property is located at 1668 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Three‑family 2/3/3 layout with separate metering for each apartment; Stone construction with flat roof; built in 1901; Central heat and air reported, with forced‑air and electric (heating) systems
