Renovated Multifamily Building with
For Sale
$2,499,000
1820 Nostrand Ave, Brooklyn, NY 11226
Renovated 5-family building with a new restaurant and finished basement.
Property Size5,100 SF
Lot Size0.05 Acres
Days on Market210
Property Features for 1820 Nostrand Ave
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,803
Building Details
Building Size
5,100 SF
Year Built
1936
Units
5
Listing Agency:
Our Community Realty Ltd
Listed By:
Lucien Saintfort
(516) 787-3292
Source:
Elliman
Added: Mar 11
Changed: Sep 23
Last Checked: Oct 5 at 7:53PM
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 Our Community Realty Ltd
Investment Insights
Based on property information with market context.
This is a renovated five-family building located in a commercialized neighborhood. The R6 zoning property features three one-bedroom apartments and two two-bedroom apartments. A brand-new restaurant is also part of the property. The building includes a full finished basement, a new roof, and a new boiler. All apartments are current with rents. The restaurant is operated by the owners. The property is located in proximity to schools, buses, subway, malls, and the highway.
Key Highlights
- Totally renovated 5‑family building with R6 zoning.
- No violations.
- Includes a brand new restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,656
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,120
$2.5M
Cap Rate 7%
$1,795,086
$1.8M
Cap Rate 9%
$1,396,178
$1.4M
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$180.5K $35.40/SF
− Vacancy
−$13.0K −$2.55/SF
EGI
$167.5K $32.85/SF
− OpEx
−$41.9K −$8.21/SF
NOI
$125.7K $24.64/SF
Area
ZIP 11226
Vacancy
7.20%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,120
Cap Rate 7%
$1,795,086
Cap Rate 9%
$1,396,178
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.09M
NOI $125,656 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,560 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,452 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 5-family building with a new restaurant and finished basement.
Where is this apartment building located?
The property is located at 1820 Nostrand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Totally renovated 5‑family building with R6 zoning.; No violations.; Includes a brand new restaurant.
