Corner Mixed-Use Development
For Sale
Contact for pricing
Pending
507 Nostrand Ave., Brooklyn, NY 11216
C4-5D zoning supports a mixed-use project with commercial and residential components.
Property SizeContact for details
Days on Market146
Property Features for 507 Nostrand Ave.
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Jakub Nowak · License #NY 10301211147
(646) 345-7000
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Sep 1 at 5:23PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This 5,360-square-foot development parcel occupies the corner of Nostrand Avenue and Herkimer Street. C4-5D zoning with a 4.2 FAR permits up to 22,512 square feet of mixed-use development, including commercial and residential space. The site is identified as Block 1861, Lot 71.
The property sits within Brooklyn’s Bedford-Stuyvesant neighborhood at the intersection of Nostrand Avenue, Fulton Street, and Atlantic Avenue. Reported traffic averages 21,309 vehicles per day, while the Nostrand Avenue A and C subway station is located at the corner. Additional transit access includes the LIRR Nostrand Avenue station and several bus lines within walking distance.
The property sits within Brooklyn’s Bedford-Stuyvesant neighborhood at the intersection of Nostrand Avenue, Fulton Street, and Atlantic Avenue. Reported traffic averages 21,309 vehicles per day, while the Nostrand Avenue A and C subway station is located at the corner. Additional transit access includes the LIRR Nostrand Avenue station and several bus lines within walking distance.
Key Highlights
- 5,360‑square‑foot development site at Nostrand Avenue and Herkimer Street
- C4‑5D zoning with 4.2 FAR
- Allows 22,512 square feet of mixed‑use development
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,233
Businesses Nearby
Explore this area
Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C4-5D zoning supports a mixed-use project with commercial and residential components.
Where is this commercial land located?
The property is located at 507 Nostrand Ave. Brooklyn, NY.
What are key features of this property?
This property features: 5,360‑square‑foot development site at Nostrand Avenue and Herkimer Street; C4‑5D zoning with 4.2 FAR; Allows 22,512 square feet of mixed‑use development
