Mixed-Use Building with Residential
1773 Nostrand Avenue Brooklyn, NY 11226
For Sale
$1,595,000
Newly renovated mixed-use building with commercial space and two updated four-bedroom residential units.
Property Size3,300 SF
Price / SF$483.33
Days on Market201
Property Features for 1773 Nostrand Avenue
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1933
Listing Agency:
Compass
(516) 232-4114
Listed By:
Jack Leguelaff · License #10401326617
(516) 232-4114
Source:
Compass
Added: Jan 4
Changed: Jul 23
Last Checked: Jul 23 at 8:04AM
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 Compass
Investment Insights
Based on property information with market context.
1773 Nostrand Avenue is a newly renovated mixed-use property offering both commercial space and two residential units. The building includes two spacious 4-bedroom, 1-bath apartments, each updated with modern finishes such as stainless steel appliances, in-unit washer/dryers, and hardwood floors throughout. One of the units is planned to be delivered vacant, providing flexibility for an owner-occupant or immediate leasing.
The property is located on a high-traffic corridor along Nostrand Avenue, with visibility and foot traffic serving the commercial component.
For sale as a multi-unit asset, the building is positioned to serve both retail or service needs in the commercial space and residential rental demand in the two apartments.
The property is located on a high-traffic corridor along Nostrand Avenue, with visibility and foot traffic serving the commercial component.
For sale as a multi-unit asset, the building is positioned to serve both retail or service needs in the commercial space and residential rental demand in the two apartments.
Key Highlights
- Mixed‑use building with commercial space plus two residential units (4 bedrooms, 1 bath each).
- Newly renovated: modern finishes including stainless steel appliances, in‑unit washer/dryers, and hardwood floors.
- Residential units include two updated four‑bedroom layouts with sleek hardwood floors throughout.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.7k | $37.80 |
| − Vacancy | −$5.2k | −$1.59 |
| EGI | $119.5k | $36.21 |
| − OpEx | −$35.9k | −$10.86 |
| NOI | $83.7k | $25.35 |
3,300 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.39M
NOI $83,651 @ 7.0% cap · market cap 5.24%
Second Best
Specialty Retail
$1.16M
$1.02M – $1.36M
NOI $81,307 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,175 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
L' Unique bar ...
Bar & Pub
FAQs
What type of property is this?
Mixed-use property - Newly renovated mixed-use building with commercial space and two updated four-bedroom residential units.
Where is this mixed-use property located?
The property is located at 1773 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Mixed‑use building with commercial space plus two residential units (4 bedrooms, 1 bath each).; Newly renovated: modern finishes including stainless steel appliances, in‑unit washer/dryers, and hardwood floors.; Residential units include two updated four‑bedroom layouts with sleek hardwood floors throughout.
