Renovated Mixed-Use Building For
For Sale
$2,699,000
1820 Nostrand Ave, Brooklyn, NY 11226
Renovated 5-family building with restaurant in commercialized neighborhood.
Property Size5,100 SF
Lot Size0.05 Acres
Days on Market266
Property Features for 1820 Nostrand Ave
General Information
Standard status
Active
Size
5,100 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,803
Building Details
Building Size
5,100 SF
Year Built
1936
Units
5
Listing Agency:
(516) 787-3292
Listed By:
Lucien Saintfort
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 18
Last Checked: Aug 21 at 1:36PM
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 Lucien Saintfort
Investment Insights
Based on property information with market context.
This renovated five-family building is located in a commercialized neighborhood. The R6 zoning property features three one-bedroom apartments and two two-bedroom apartments. A brand new restaurant is also part of the property. The building includes a full finished basement, a new roof, and a new boiler. All apartments are currently rented. The restaurant is operated by the owners. The property is located in proximity to schools, buses, subway, malls, and the highway.
Key Highlights
- Totally renovated 5‑family building with R6 zoning.
- No violations.
- Includes a brand new restaurant.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,656
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,513,120
$2.5M
Cap Rate 7%
$1,795,086
$1.8M
Cap Rate 9%
$1,396,178
$1.4M
Market Conditions
NOI Build-Up for 5,100 SF
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.
Gross rent
$180.5K $35.40/SF
− Vacancy
−$13.0K −$2.55/SF
EGI
$167.5K $32.85/SF
− OpEx
−$41.9K −$8.21/SF
NOI
$125.7K $24.64/SF
Area
ZIP 11226
Vacancy
7.20%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,513,120
Cap Rate 7%
$1,795,086
Cap Rate 9%
$1,396,178
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.57M – $2.09M
NOI $125,656 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$1.71M
$1.49M – $1.99M
NOI $119,560 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,452 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated 5-family building with restaurant in commercialized neighborhood.
Where is this mixed-use property located?
The property is located at 1820 Nostrand Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Totally renovated 5‑family building with R6 zoning.; No violations.; Includes a brand new restaurant.
