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    Renovated Brownstone Three-Family Title is generated by Realmo AI

    1668 Nostrand Avenue, Brooklyn, NY 11226

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    For Sale
    $2,200,000

    Multi-Unit (2-4) - Brooklyn, NY

    Property size:
    2,820 SF
    Price / SF:
    $780/SF
    Added:
    Mar 16, 2026
    Days on Market:
    81
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 1668 Nostrand Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Parking features
    Garage
    Exterior features
    Fire Escape
    Basement Y/N
    1
    Appliances
    Refrigerator
    Standard status
    Active
    Size
    2,820 SF

    Taxes and HOA fees

    Tax Annual Amount
    6800

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1901
    Year renovated
    1901
    Floors in Building
    3
    Flooring type
    Hardwood, Tile
    Building materials
    Stone
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Judy Etman

    Listing agent Judy Etman

    Listing office ETMAN JUDY Z 732 SUNRISE HIGHWAY SUITE 210, BALDWIN, NY

    Listing date Mar 16, 2026

    MLS# 11674243 Listing URL

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

    HighLights

    • Three‑family home with 2/3/3 unit mix; each apartment is separately metered.
    • Central air plus forced air/electric heat for year‑round comfort.
    • Basement (full height) is finished with a full bath and includes access to the yard; front and back entrances.
    • Stone construction with hardwood and tile flooring; flat roof and a fire escape.
    • Security features include a camera security bell system and video security system.
    • Updates noted: new windows and roof; includes garage parking and a refrigerator.

    Overview

    This brand-new, renovated three-family brownstone offers a practical income property setup with three separate units. The building features central heat and air, hardwood floors, and updated windows and roof. Each apartment is separately metered, supporting independent utility management. A full-height finished basement adds usable space, including a full bathroom, with access to the yard. The property also provides front and back entrances and includes a newly built front yard with stone and pavers.

    Located in Brooklyn, the home is described as within walking distance to shopping and transportation. The listing presents convenient everyday access for tenants and guests, with entry points at both the front and rear for day-to-day movement between the interior and outdoor areas.

    For buyers seeking a multi-unit residential investment, the combination of separately metered units, central HVAC, and recently updated major components (roof and windows) can reduce near-term property maintenance concerns. The finished, full-height basement with a full bath can also appeal to tenants who want additional functional living or storage space, while the yard access and front yard improvements support a more complete residential experience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Revenue Jini Digital ... Business Management Consultant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.94926
    Latitude
    40.645428

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    FAQs

    What type of property is this?
    Triplex - Turnkey, separately metered apartments with central heat and air, modern security systems, and finished basement with full bath.
    Where is this triplex located?
    The property is located at 1668 Nostrand Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Three‑family home with 2/3/3 unit mix; each apartment is separately metered.; Central air plus forced air/electric heat for year‑round comfort.; Basement (full height) is finished with a full bath and includes access to the yard; front and back entrances.
    (516) 506-7163
    We can help!
    Listing Contact
    Judy Etman
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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