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Commercial Land with Existing Unit
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Pending

1164 Nostrand Ave., Brooklyn, NY 11225

Development site with an existing commercial space formerly used as a medical office.

Property SizeContact for details
Days on Market146

Property Features for 1164 Nostrand Ave.

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Asset CRG Advisors, LLC
Listed By: Sadya Liberow · License #NY
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 3:56AM

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 Asset CRG Advisors, LLC

Investment Insights

Based on property information with market context.

This commercial land property includes one existing commercial unit that previously operated as a medical office. The site offers 8,100 buildable square feet, providing a defined development component alongside the current structure.

Located in Brooklyn’s Prospect Lefferts-Garden neighborhood, the property is near the Sterling St [2,5] Subway Station and Prospect Park [B,Q,S] Subway Station. The parcel is positioned on Nostrand Ave. in Brooklyn, NY 11225.

Key Highlights

  • 8,100 buildable square feet
  • One existing commercial unit
  • Former medical office configuration

Property Analytics

Current Use

Vasilios N. Spyropoulos, ... Physician E J Vincent ... Physician

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Acupuncture Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,851
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 67% Dining 20% Groceries 13%
BP Shops & Services
17,442 visits/mo 0.3 miles
BP Shops & Services
16,358 visits/mo 0.4 miles
Chase Bank Shops & Services
15,303 visits/mo 0.3 miles
Key Food Supermarkets Groceries
13,741 visits/mo 0.2 miles
Mobil Shops & Services
12,905 visits/mo 0.4 miles

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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Commercial land - Development site with an existing commercial space formerly used as a medical office.
Where is this commercial land located?
The property is located at 1164 Nostrand Ave. Brooklyn, NY.
What are key features of this property?
This property features: 8,100 buildable square feet; One existing commercial unit; Former medical office configuration
(347) 762-4055 Call to check price and availability
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