Mixed-Use Building with Residential
New
For Sale
$1,595,000
1773 Nostrand Avenue, Brooklyn, NY 11226
Commercial space is paired with two four-bedroom apartments, each with two bathrooms.
Property Size3,300 SF
Price / SF$483.33
Days on Market5
Property Features for 1773 Nostrand Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Mixed-Use Components
commercial, residential
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$7,488
Building Details
Building Size
3,300 SF
Year Built
1933
Buildings
1
Listing Agency:
Compass
Listed By:
Jack LeGuelaff · License #10401326617
(516) 232-4114
Source:
Carlinwright
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 7:08AM
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
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Investment Insights
Based on property information with market context.
This 3,300-square-foot mixed-use building, constructed in 1933, contains commercial space and two residential apartments. Each apartment has four bedrooms and two bathrooms. Renovated interiors include hardwood flooring, stainless steel appliances, and an in-unit washer and dryer. Two units are scheduled for delivery vacant.
The property fronts Nostrand Avenue in Brooklyn, on a corridor described as high-traffic. The 2 and 5 subway lines and multiple bus routes serve the area.
The property fronts Nostrand Avenue in Brooklyn, on a corridor described as high-traffic. The 2 and 5 subway lines and multiple bus routes serve the area.
Key Highlights
- Mixed‑use property with commercial space and two residential apartments
- Two apartments, each with 4 bedrooms and 2 bathrooms
- 3,300 square feet; built in 1933
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,363
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,547,260
$1.5M
Cap Rate 7%
$1,105,186
$1.1M
Cap Rate 9%
$859,589
$859.6K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$146.5K $44.40/SF
− Vacancy
−$5.9K −$1.78/SF
EGI
$140.7K $42.62/SF
− OpEx
−$63.3K −$19.18/SF
NOI
$77.4K $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%
$1,547,260
Cap Rate 7%
$1,105,186
Cap Rate 9%
$859,589
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$967.0K – $1.29M
NOI $77,363 @ 7.0% cap · market cap 4.85%
Second Best
Mixed Use
$1.05M
$915.8K – $1.22M
NOI $73,260 @ 7.0% cap · market cap 4.59%
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
Lease Details
2
Residential units
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space is paired with two four-bedroom apartments, each with two bathrooms.
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 property with commercial space and two residential apartments; Two apartments, each with 4 bedrooms and 2 bathrooms; 3,300 square feet; built in 1933
