Corner Mixed-Use Brick
For Sale
$2,799,000
1105 Nostrand Avenue, Brooklyn, NY 11225
Two-family brick building with a ground-floor storefront and upstairs duplex, plus a finished basement and 3-car garage.
Property Size3,650 SF
Price / SF$766.85
Days on Market441
Property Features for 1105 Nostrand Avenue
General Information
Standard status
Active
Size
3,650 SF
Total Parking Spaces
3
Property subtype
Mixed Use
Amenities
110 V
Ceramic, Hardwood
4+, Common w/other Tenants
Finished, Full, Other
Block
Brick
Fire - Smoke Alarm, Kitchen, Living Space Available
Sign - Building
Building Details
Year Built
1931
Construction
brick
Listing Agency:
Brooklyn Realty Group LLC
(718) 377-1400
Listed By:
Anne Marie Stanislaus · License #aml7185
(718) 377-1400
Source:
Compass
Added: Jun 9, 2025
Changed: Aug 23
Last Checked: Aug 22 at 5:13PM
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 Brooklyn Realty Group LLC
Investment Insights
Based on property information with market context.
Located at the corner of Nostrand Ave and Maple St, this two-family brick property offers a combined commercial-and-residential layout with two distinct street profiles. The ground-floor storefront is currently vacant and includes wrap-around windows, a half-bath, and interior access to the basement and the residential units.
The upstairs portion is configured as a 3-bedroom duplex with formal dining, a large living room with hardwood floors, and a full eat-in kitchen. The primary suite includes a private jacuzzi, separate shower stall, double vanities, and expansive walk-in closets, and the corner positioning supports abundant natural light and cross-ventilation.
A finished basement includes a separate entrance from Maple St, a half-bath, and interior stairs that can support additional storage or extended use. Parking is provided via a 3-car garage. The property will be delivered 100% vacant, with no financials provided.
The upstairs portion is configured as a 3-bedroom duplex with formal dining, a large living room with hardwood floors, and a full eat-in kitchen. The primary suite includes a private jacuzzi, separate shower stall, double vanities, and expansive walk-in closets, and the corner positioning supports abundant natural light and cross-ventilation.
A finished basement includes a separate entrance from Maple St, a half-bath, and interior stairs that can support additional storage or extended use. Parking is provided via a 3-car garage. The property will be delivered 100% vacant, with no financials provided.
Key Highlights
- Two‑family brick property built in 1931 with a ground‑floor storefront and an upstairs 3‑bedroom duplex.
- Ground‑floor storefront (formerly an event space) is currently vacant and has massive wrap‑around windows, a half‑bath, and interior access to the basement and residential units.
- Upstairs duplex offers 3 bedrooms with a formal dining room, a large living room with hardwood floors, and a full eat‑in kitchen with a separate workstation area.
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
$175,034
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
6.25%
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%
$3,500,680
$3.5M
Cap Rate 7%
$2,500,486
$2.5M
Cap Rate 9%
$1,944,822
$1.9M
Market Conditions
NOI Build-Up for 3,650 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
$283.8K $77.76/SF
− Vacancy
−$33.8K −$9.25/SF
EGI
$250.0K $68.51/SF
− OpEx
−$75.0K −$20.55/SF
NOI
$175.0K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /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%
$3,500,680
Cap Rate 7%
$2,500,486
Cap Rate 9%
$1,944,822
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,034 @ 7.0% cap · market cap 6.25%
Second Best
Mixed Use
$1.89M
$1.66M – $2.21M
NOI $132,495 @ 7.0% cap · market cap 4.73%
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.53M
NOI $211,554 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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 - Two-family brick building with a ground-floor storefront and upstairs duplex, plus a finished basement and 3-car garage.
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 $2,799,000.
What are key features of this property?
This property features: Two‑family brick property built in 1931 with a ground‑floor storefront and an upstairs 3‑bedroom duplex.; Ground‑floor storefront (formerly an event space) is currently vacant and has massive wrap‑around windows, a half‑bath, and interior access to the basement and residential units.; Upstairs duplex offers 3 bedrooms with a formal dining room, a large living room with hardwood floors, and a full eat‑in kitchen with a separate workstation area.
