Mixed-Use Corner Retail
1105 Nostrand Avenue Brooklyn, NY 11225
For Sale
$2,199,999
Mixed-use corner property with storefront space, finished basement, and two apartments delivered vacant.
Property Size3,650 SF
Price / SF$602.74
Days on Market405
Property Features for 1105 Nostrand Avenue
General Information
Standard status
Active
Size
3,650 SF
Property subtype
Mixed Use
Listing Agency:
Reserved Realty LLC.
(212) 785-1100
Listed By:
Anne Marie Stanislaus
Source:
Penrealty
Added: Jun 21, 2025
Changed: Jul 27
Last Checked: Jul 29 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reserved Realty LLC.
Investment Insights
Based on property information with market context.
This corner mixed-use property includes a two-family residence with an attached store, a finished basement, and (3) car garages. The store features very large windows and includes a half bath, and it is currently vacant. The finished basement has a separate entrance from Maple St and includes a half bath, with interior access to both the store and the apartments via stairs.
The apartments are currently configured as a 3-bedroom duplex and include formal dining, a full eat-in kitchen, and a separate workstation, along with a large living room with hardwood floors. The master bedroom includes a jacuzzi, a separate shower stall, two sinks, and large walk-in closets. The property is described as having substantial sunlight and cross ventilation.
The listing notes the property will be delivered totally vacant, with the Nostrand Ave side characterized as more commercial and the Maple St side characterized as more residential.
The apartments are currently configured as a 3-bedroom duplex and include formal dining, a full eat-in kitchen, and a separate workstation, along with a large living room with hardwood floors. The master bedroom includes a jacuzzi, a separate shower stall, two sinks, and large walk-in closets. The property is described as having substantial sunlight and cross ventilation.
The listing notes the property will be delivered totally vacant, with the Nostrand Ave side characterized as more commercial and the Maple St side characterized as more residential.
Key Highlights
- Mixed‑use corner property at Nostrand Ave and Maple St featuring a store, finished basement, and 2‑family setup
- Storefront space includes a 1/2 bath and large windows; currently vacant and delivered totally vacant
- Finished basement with separate entrance from Maple St, plus interior stairs connecting the basement, store, and apartments
Financial Insights For Retail
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 | $283.8k | $77.76 |
| − Vacancy | −$33.8k | −$9.25 |
| EGI | $250.0k | $68.51 |
| − OpEx | −$75.0k | −$20.55 |
| NOI | $175.0k | $47.95 |
3,650 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,034 @ 7.0% cap · market cap 7.96%
Second Best
Mixed Use
$1.89M
$1.66M – $2.21M
NOI $132,495 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.53M
NOI $211,554 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use corner property with storefront space, finished basement, and two apartments delivered vacant.
Where is this mixed-use property located?
The property is located at 1105 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: Mixed‑use corner property at Nostrand Ave and Maple St featuring a store, finished basement, and 2‑family setup; Storefront space includes a 1/2 bath and large windows; currently vacant and delivered totally vacant; Finished basement with separate entrance from Maple St, plus interior stairs connecting the basement, store, and apartments
