Renovated Mixed-Use
For Sale
$1,595,000
1773 Nostrand Avenue, Brooklyn, NY 11226
Commercial Sale, Brooklyn, NY
Property Size3,300 SF
Price / SF$483.33
Days on Market273
Property Features for 1773 Nostrand Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 8, Bedroom 7, Bathroom 1
Subdivision
Flatbush
High school district
000000
Standard status
Active
Size
3,300 SF
Additional Details
Mixed-Use Components
retail, residential
Building Details
Architectural style
Other
Buildings
1
Listing Agency:
Compass
(646) 982-0353
Listed By:
Jack Leguelaff
Added: Jan 26
Changed: Oct 26
Last Checked: Oct 26 at 10:06PM
MLS# 11638535
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.
Located at 1773 Nostrand Avenue in Brooklyn, this 3,300-square-foot mixed-use building combines a commercial space with two residential apartments. Each apartment offers four bedrooms and one bathroom, along with stainless steel appliances, in-unit washer/dryers, and hardwood flooring. The property has been renovated with updated interior finishes.
One residential unit is scheduled for delivery vacant, while the building’s commercial and residential configuration supports a combination of business and housing uses. The property sits along Nostrand Avenue, identified in the listing as a high-traffic corridor, with access to the 2 and 5 subway lines and multiple bus routes.
One residential unit is scheduled for delivery vacant, while the building’s commercial and residential configuration supports a combination of business and housing uses. The property sits along Nostrand Avenue, identified in the listing as a high-traffic corridor, with access to the 2 and 5 subway lines and multiple bus routes.
Key Highlights
- 3,300‑square‑foot mixed‑use building at 1773 Nostrand Avenue
- Commercial space plus two 4‑bedroom, 1‑bath residential units
- Renovated interiors with stainless steel appliances and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,651
Cap Rate
5.24%
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 5.24%
Second Best
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 4.85%
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,982
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes commercial space and two 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: 3,300‑square‑foot mixed‑use building at 1773 Nostrand Avenue; Commercial space plus two 4‑bedroom, 1‑bath residential units; Renovated interiors with stainless steel appliances and hardwood floors
