Financial
Distress signals
Property profile

385 Nostrand Ave Brooklyn, NY 11216

FOR LEASE
Other investment properties
Property ID
US63-5687665
2,379 SF 0.04 ac lot Built 1910
Last sale Aug 2025 · $1,825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This three-story mixed-use property is located in Brooklyn’s Bedford-Stuyvesant neighborhood and was renovated in 2020. The ground floor includes a dedicated commercial area, supported by additional basement space that can be used for business operations and/or storage. The second and third floors each contain a residential unit with three bedrooms and two bathrooms, and each unit includes a kitchen with stainless steel appliances. The building has a finished rooftop and terrace that provide

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$74k
Assessed land$9k
Assessed improvement$65k
Effective rate7.04%

Value estimate

· Sep 2026
$360k
$324k – $396k

Realmo valuation models over county records and 23 qualifying comparable sales.

Recently sold

What actually traded nearby?
$444/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$355 – $604
Qualifying comparables23

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R6A
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm158.2
Dental Office50.3
Parking Facility22.8

Location

385 Nostrand Ave Brooklyn, NY 11216
County assessor Recorded deeds · 5 transfers 23 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
361 Eastern, Brooklyn, NY 11216-4103 $1,400,000 Jul 2025 2,808 SF
527 Nostrand, Brooklyn, NY 11216-2875 $883,500 Jan 2025 2,320 SF
525 Nostrand, Brooklyn, NY 11216-2876 $883,500 Jan 2025 2,320 SF
114 Macon, Brooklyn, NY 11216-2205 $1,411,093 Dec 2024 2,400 SF
1211 Fulton, Brooklyn, NY 11216-2004 $6,900,000 Dec 2024 2,500 SF
389 Nostrand, Brooklyn, NY 11216-1701 $1,850,000 Oct 2024 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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