Listing Agency: Meridian Capital Group

Listed By: Eugene Kim · License #NY 40KI1106013 Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 26 Last Checked: Sep 6 at 1:15AM

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Investment Insights

Based on property information with market context.

This offering presents a newly constructed elevator multifamily building located at 253–255 Nostrand Avenue in Brooklyn. The property is being marketed as an apartment building and residential income asset.

The seller has engaged B6 Real Estate Advisors to arrange the sale on an exclusive basis. The building is positioned in Bedford-Stuyvesant.

Additional details on unit mix, amenities, and condition are not provided in the available information.

Key Highlights

• New construction multifamily building at 253–255 Nostrand Avenue in Brooklyn’s Bedford‑Stuyvesant neighborhood
• On‑site elevator in the building

Property Analytics

Current Use

Premier 718 Hotel & Motel

Suggested Use

Top Pick Law Firm Parking Lot & Garage Nursing Home Auto Parts Store Pet Grooming Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,916

Businesses Nearby

Explore this area Business Placement

Demographics for 11205, NY

50,474

Population

19,200

Households

2.6

Avg Household Size

30

Median Age

52%

College-Educated

86%

High-School Grad

1.2 sq mi

ZIP Area

42,062

Density / Sq Mi

$86,753

Median Household Income

$59,901

Median Earnings

$2,307

Median Rent

$892,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - New construction multifamily building at 253–255 Nostrand Avenue with an on-site elevator.

Where is this apartment building located?

The property is located at 253 - 255 Nostrand Avenue Brooklyn, NY.

What are key features of this property?

This property features: New construction multifamily building at 253–255 Nostrand Avenue in Brooklyn’s Bedford‑Stuyvesant neighborhood; On‑site elevator in the building