Brick Triplex with Full
For Sale
$1,300,000
1769 Nostrand Ave, Brooklyn, NY 11226
Residential Income, Brooklyn, NY
Property Size3,300 SF
Lot Size0.08 Acres
Price / SF$393.94
Days on Market51
Property Features for 1769 Nostrand Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Little Haiti
Standard status
Active
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7773
Building Details
Year built
1933
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Sep 2
Changed: Oct 8
Last Checked: Oct 22 at 6:06AM
MLS# 11962479
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.
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Investment Insights
Based on property information with market context.
This brick, three-family property includes three floors above a full basement and approximately 3,300 square feet of building area. The three apartments are in move-in condition, with hardwood flooring, updated kitchens equipped with stainless appliances, and front-and-rear windows. The full-height basement is open and provides space for storage or laundry. The building measures 20 x 55 on a 20 x 100 lot and was built in 1933.
Located on Nostrand Avenue in Brooklyn, the property is steps from the Nostrand Avenue subway station and major bus routes. Shopping, restaurants, cafes, schools, and parks are nearby. The property is zoned R6 with a C2-3 overlay and sits on a wide street. It will be delivered vacant at closing.
Located on Nostrand Avenue in Brooklyn, the property is steps from the Nostrand Avenue subway station and major bus routes. Shopping, restaurants, cafes, schools, and parks are nearby. The property is zoned R6 with a C2-3 overlay and sits on a wide street. It will be delivered vacant at closing.
Key Highlights
- Three‑family brick property delivered vacant at closing
- Approximately 3,300 square feet on a 20 x 100 lot; building measures 20 x 55
- Three floors over a full‑height, open basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,651
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,673,020
$1.7M
Cap Rate 7%
$1,195,014
$1.2M
Cap Rate 9%
$929,456
$929.5K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$124.7K $37.80/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$119.5K $36.21/SF
− OpEx
−$35.9K −$10.86/SF
NOI
$83.7K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,673,020
Cap Rate 7%
$1,195,014
Cap Rate 9%
$929,456
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,651 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,175 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,982
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant three-family building with updated kitchens, hardwood floors, and access to subway and major bus lines.
Where is this triplex located?
The property is located at 1769 Nostrand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three‑family brick property delivered vacant at closing; Approximately 3,300 square feet on a 20 x 100 lot; building measures 20 x 55; Three floors over a full‑height, open basement
