Connecting Mixed-Use
3338 Nostrand Avenue Brooklyn, NY 11229
3338 Nostrand Avenue, Brooklyn, NY, 11229
$2,395,000
For Sale
$2,395,000
Two connecting mixed-use buildings offer private driveway parking for up to four vehicles and recent boiler and electrical upgrades.
Property Size2,400 SF
Price / SF$997.92
Days on Market168
Property Features for 3338 Nostrand Avenue
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing agency
Peerless Properties Corp.
(718) 368-3305
Listed by
Richard Dinerman · License #dinrd4897
(718) 368-3305
Source
Compass
Added: Feb 4 Updated: Jul 20 at 5:24PM Checked: Jul 21 at 8:32AM
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 Peerless Properties Corp.
Investment Insights
Based on property information with market context.
This package includes two connecting mixed-use properties offered together at 3334 and 3338 Nostrand Avenue. The combined setup features private driveway access with parking for up to four vehicles, and recent upgrades including new boilers and updated electrical systems.
The properties have high-visibility exposure along Nostrand Avenue, with approximately 800 vehicles per hour. One portion of the configuration includes plumbing supply space that can be delivered vacant, creating flexibility for an owner-user or additional leasing.
The current total rent roll exceeds $14,000 per month, providing income-producing value within the two-building package.
The properties have high-visibility exposure along Nostrand Avenue, with approximately 800 vehicles per hour. One portion of the configuration includes plumbing supply space that can be delivered vacant, creating flexibility for an owner-user or additional leasing.
The current total rent roll exceeds $14,000 per month, providing income-producing value within the two-building package.
Key Highlights
- Package deal includes two connecting mixed‑use properties: 3334 and 3338 Nostrand Avenue
- Private driveway with parking for up to 4 vehicles
- Recent upgrades include new boilers and updated electrical systems
Local Financial Insights For Retail
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 | $186.6k | $77.76 |
| − Vacancy | −$22.2k | −$9.25 |
| EGI | $164.4k | $68.51 |
| − OpEx | −$49.3k | −$20.55 |
| NOI | $115.1k | $47.95 |
2,400 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,091 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Atlantic Surgical Supply ...
Surgical Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Two connecting mixed-use buildings offer private driveway parking for up to four vehicles and recent boiler and electrical upgrades.
Where is this mixed-use property located?
The property is located at 3338 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Package deal includes two connecting mixed‑use properties: 3334 and 3338 Nostrand Avenue; Private driveway with parking for up to 4 vehicles; Recent upgrades include new boilers and updated electrical systems
