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Triplex with Event Space
For Sale
$1,250,000
Pending

1515 Nostrand, Brooklyn, NY 11224

Residential Income, Brooklyn, NY

Property SizeContact for details
Days on Market352

Property Features for 1515 Nostrand

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Basement, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1, Bedroom 1, Bathroom 2
Interior features Built-in Features, Eat-in Kitchen
Basement Finished, Full
Elementary school Ps 241 Emma L Johnston
High school Aspirations Diploma Plus High School
Elementary school district Brooklyn 17
Middle school district Brooklyn 17
High school district Brooklyn 17
Directions Google Maps
Standard status Pending

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 7431

Utilities

Sewer type Public Sewer
Heating system Baseboard
Water source Public

Building Details

Year built 1931
Number of units 3
Building materials Brick
Architectural style Colonial
Listing Agency: HomeSmart CrossIsland
Listed By: Arthur Briscoe SFR CBR
Added: Sep 5, 2025 Changed: Aug 20 Last Checked: Aug 22 at 6:06AM
MLS# 909428

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Colonial-style triplex is built with brick construction and offers a distinctive mix of living space and event use. The first floor includes an approximately 1,000 SF event space with two bathrooms, with direct access out to the back area for recreational purposes. The second floor has three bedrooms, a living room, an eat-in kitchen (EIK), and a bath, and the third floor follows the same layout.

A full finished basement adds additional functional space and is currently being used for storage and utility purposes. The home is supported by public water and public sewer services, and heating is provided via baseboard.

Built in 1931, the property is located in the Flatbush area of Brooklyn, NY, and is identified at 1515 Nostrand, Brooklyn, NY 11224.

Key Highlights

  • Approximately 1,000 SF first‑floor event space with two bathrooms
  • Second- and third‑floor layouts each include three bedrooms, living room, EIK, and a bath
  • Full finished basement used for storage and utility area

Property Analytics

Current Use

Brooklyn Fête Hotel & Motel

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Dental Office Gym & Fitness Center 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

6,725
Businesses Nearby

Demographics for 11224, NY

46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Triplex in the Flatbush area featuring a first-floor event space with two bathrooms.
Where is this triplex located?
The property is located at 1515 Nostrand Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 1,000 SF first‑floor event space with two bathrooms; Second- and third‑floor layouts each include three bedrooms, living room, EIK, and a bath; Full finished basement used for storage and utility area
More about this property
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