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New Construction Elevator Multifamily
For Sale
Contact for pricing
Pending

253 - 255 Nostrand Avenue, Brooklyn, NY 11205

New construction multifamily building at 253–255 Nostrand Avenue with an on-site elevator.

Days on Market112

Property Features for 253 - 255 Nostrand Avenue

General Information

Standard status Pending
Property subtype Retail, Multifamily
Listing Agency: Matthews
Listed By: DJ Johnston · License #NY 10401229409
Source: Crexi
Added: Apr 11 Changed: Jul 20 Last Checked: Jul 30 at 4:19PM

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 Matthews

Investment Insights

Based on property information with market context.

This offering presents a newly constructed elevator multifamily building located at 253–255 Nostrand Avenue in Brooklyn. The property is being marketed as an apartment building and residential income asset.

The seller has engaged B6 Real Estate Advisors to arrange the sale on an exclusive basis. The building is positioned in Bedford-Stuyvesant.

Additional details on unit mix, amenities, and condition are not provided in the available information.

Key Highlights

  • New construction multifamily building at 253–255 Nostrand Avenue in Brooklyn’s Bedford‑Stuyvesant neighborhood
  • On‑site elevator in the building

Property Analytics

Current Use

Premier 718 Hotel & Motel

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Auto Parts Store Pet Grooming Service Acupuncture

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

5,607
Businesses Nearby

Demographics for 11205, NY

50,474
Population
19,200
Households
2.6
Avg Household Size
30
Median Age
52%
College-Educated
86%
High-School Grad
1.2 sq mi
ZIP Area
42,062
Density / Sq Mi
$86,753
Median Household Income
$59,901
Median Earnings
$2,307
Median Rent
$892,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - New construction multifamily building at 253–255 Nostrand Avenue with an on-site elevator.
Where is this apartment building located?
The property is located at 253 - 255 Nostrand Avenue Brooklyn, NY.
What are key features of this property?
This property features: New construction multifamily building at 253–255 Nostrand Avenue in Brooklyn’s Bedford‑Stuyvesant neighborhood; On‑site elevator in the building
(646) 502-3481 Call to check price and availability
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