Renovated Mixed-Use
For Sale
$1,595,000
Pending
1773 Nostrand Avenue, Brooklyn, NY 11226
Commercial Sale, Brooklyn, NY
Property Size3,300 SF
Days on Market209
Property Features for 1773 Nostrand Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 3
Subdivision
Flatbush
High school district
000000
Standard status
Pending
Size
3,300 SF
Amenities
stainless steel appliances
in-unit washer/dryers
hardwood floors
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Jack Leguelaff · License #10401326617
Added: Jan 26
Changed: Aug 23
Last Checked: Aug 23 at 11:06PM
MLS# 11638535
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.
Located at 1773 Nostrand Avenue in Brooklyn, this 3,300-square-foot mixed-use building combines a commercial space with two residential apartments. Each apartment offers four bedrooms and one bathroom, along with stainless steel appliances, in-unit washer/dryers, and hardwood flooring. The property has been renovated with updated interior finishes.
One residential unit is scheduled for delivery vacant, while the building’s commercial and residential configuration supports a combination of business and housing uses. The property sits along Nostrand Avenue, identified in the listing as a high-traffic corridor, with access to the 2 and 5 subway lines and multiple bus routes.
One residential unit is scheduled for delivery vacant, while the building’s commercial and residential configuration supports a combination of business and housing uses. The property sits along Nostrand Avenue, identified in the listing as a high-traffic corridor, with access to the 2 and 5 subway lines and multiple bus routes.
Key Highlights
- 3,300‑square‑foot mixed‑use building at 1773 Nostrand Avenue
- Commercial space plus two 4‑bedroom, 1‑bath residential units
- Renovated interiors with stainless steel appliances and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,673,020
$1.7M
Cap Rate 7%
$1,195,014
$1.2M
Cap Rate 9%
$929,456
$929.5K
Market Conditions
NOI Build-Up for 3,300 SF
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.
Gross rent
$124.7K $37.80/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$119.5K $36.21/SF
− OpEx
−$35.9K −$10.86/SF
NOI
$83.7K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,673,020
Cap Rate 7%
$1,195,014
Cap Rate 9%
$929,456
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,651 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,175 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes commercial space and two four-bedroom residential units.
Where is this mixed-use property located?
The property is located at 1773 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 3,300‑square‑foot mixed‑use building at 1773 Nostrand Avenue; Commercial space plus two 4‑bedroom, 1‑bath residential units; Renovated interiors with stainless steel appliances and hardwood floors
