Mixed-Use Property with Retail
For Sale
$1,280,000
1705 Nostrand Ave., Brooklyn, NY 11226
Commercial Sale, Brooklyn, NY
Property Size4,165 SF
Lot Size0.05 Acres
Price / SF$307.32
Days on Market338
Property Features for 1705 Nostrand Ave.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Subdivision
Little Haiti
Directions
1703 and 1705 Nostrand Ave, Brooklyn, NY 11226 and 310 Cortelyou Rd, Brooklyn NY 11226
Standard status
Active
Lot size
0.05 Acres
Utilities
Heating system
Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
GARCIA LOWENSKY W
Listed By:
Lowensky Garcia
(718) 475-2700
Added: Nov 5, 2025
Changed: Oct 8
Last Checked: Oct 9 at 2:06AM
MLS# 11601589
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.
Investment Insights
Based on property information with market context.
This mixed-use offering includes two contiguous commercial buildings. The primary brick building contains approximately 3,786 square feet within a 19.42-foot by 60-foot structure on a 1,553-square-foot lot measuring 19.42 feet by 80 feet. Its layout includes a ground-floor commercial unit configured for stores or offices, along with multiple finished residential units on the upper levels.
The second improvement is a single-story commercial building measuring approximately 20 feet by 20 feet, or about 400 square feet. The space can accommodate a small retail, office, or storage use. The properties were built in 1930 and feature flat roofs, hardwood and tile flooring, hot-water heating, oil heat, and public water service. The address is near public transportation, shopping, restaurants, and neighborhood amenities.
The second improvement is a single-story commercial building measuring approximately 20 feet by 20 feet, or about 400 square feet. The space can accommodate a small retail, office, or storage use. The properties were built in 1930 and feature flat roofs, hardwood and tile flooring, hot-water heating, oil heat, and public water service. The address is near public transportation, shopping, restaurants, and neighborhood amenities.
Key Highlights
- Two contiguous commercial properties offered together
- Primary building contains approximately 3,786 square feet
- Primary structure measures approximately 19.42 ft x 60 ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,641
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,820
$2.0M
Cap Rate 7%
$1,394,871
$1.4M
Cap Rate 9%
$1,084,900
$1.1M
Market Conditions
NOI Build-Up for 4,165 SF
Gross rent
$184.9K $44.40/SF
− Vacancy
−$7.4K −$1.78/SF
EGI
$177.5K $42.62/SF
− OpEx
−$79.9K −$19.18/SF
NOI
$97.6K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,952,820
Cap Rate 7%
$1,394,871
Cap Rate 9%
$1,084,900
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,641 @ 7.0% cap · market cap 7.63%
Second Best
Mixed Use
$1.32M
$1.16M – $1.54M
NOI $92,463 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,102 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,550
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two contiguous buildings combine ground-floor commercial space with finished residential units above.
Where is this mixed-use property located?
The property is located at 1705 Nostrand Ave. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Two contiguous commercial properties offered together; Primary building contains approximately 3,786 square feet; Primary structure measures approximately 19.42 ft x 60 ft
