Brooklyn Mixed-Use Investment
1705 Nostrand Ave., Brooklyn, NY 11226
Commercial Building - Brooklyn, NY
Property size:
4,000 SFPrice / SF:
$320/SF- Added:
- Nov 5, 2025
- Days on Market:
- 218
- Last Refresh:
- Jun 11 at 3:06 am
Property Features for 1705 Nostrand Ave.
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 900
- Rooms
- Basement, Kitchen
- Parking features
- Garage
- Interior features
- Corner Unit
- Exterior features
- Corner Unit, Fire Escape
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 4,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1930
- Year renovated
- 1930
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent Lowensky Garcia (917) 586-7773
Listing office GARCIA LOWENSKY W 96-41 CORONA AVE #1, CORONA, NY
Listing date Nov 5, 2025
MLS# 11601589
Listing URL
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.
HighLights
- High‑traffic location with excellent exposure and accessibility.
- Mixed‑use property with approximately 1,565 sq ft of commercial space and approximately 2,600 sq ft of residential space.
- Two contiguous properties being sold together, offering versatility.
- Established tenants in place providing consistent income.
- Primary building: approximately 3,786 sq ft with ground‑floor commercial unit and multiple finished residential units above.
- Conveniently located near public transportation, shopping, restaurants, and neighborhood amenities.
Overview
This offering features two contiguous commercial properties for sale in a high-traffic Brooklyn location. The primary mixed-use building provides approximately 3,786 square feet of interior space on a 1,553 square foot lot, measuring 19.42 feet by 80 feet. The building dimensions are approximately 19.42 feet by 60 feet. It includes a ground-floor commercial unit suitable for stores or offices, with multiple finished residential units above. The second property is a single-story commercial building of approximately 400 square feet, measuring about 20 feet by 20 feet. This space is suitable for a small retail user, office, or storage. Combined, the properties offer approximately 1,565 square feet of commercial area and about 2,600 square feet of finished residential living space. The location provides convenient access to public transportation, shopping, restaurants, and other neighborhood amenities. The mixed-use configuration offers versatility for investors or owner-users, with established tenants in place and consistent income.
Local Financial Insights For Apartment 5plus
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 | $177.6k | $44.40 |
| − Vacancy | −$7.1k | −$1.78 |
| EGI | $170.5k | $42.62 |
| − OpEx | −$76.7k | −$19.18 |
| NOI | $93.8k | $23.44 |
4,000 SF · lease $44.40/SF/yr · vacancy 4.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,773 @ 7.0% cap · market cap 7.33%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,800 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,394 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nostrand Discount Store
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.948751
- Latitude
- 40.644347
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two commercial properties with retail and residential units for sale.
Where is this mixed-use property located?
The property is located at 1705 Nostrand Ave. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: High‑traffic location with excellent exposure and accessibility.; Mixed‑use property with approximately 1,565 sq ft of commercial space and approximately 2,600 sq ft of residential space.; Two contiguous properties being sold together, offering versatility.
