1541 Nostrand Avenue

$1,800,000
Price
6
Beds
2.5
Baths
3,300 Sq. Ft.
$545 / Sq. Ft.
3,300
Sq. Ft.
$545
per Sq. Ft.

Description

On the border of Prospect Lefferts Garden/Flatbush, one of Brooklyn's hottest neighborhoods, sits a 3-story 2-family plus store, attached, brick, mixed-use building. Great location for any business. Two six room apartments above the store, each feature three bedrooms, living room, dining room, kitchen and three-quarter bath. The building has been fully renovated in 2023 and both apartments are rented out at market price. The 3rd floor is rented for $3600 and the second floor is rented for $3800....On the border of Prospect Lefferts Garden/Flatbush, one of Brooklyn's hottest neighborhoods, sits a 3-story 2-family plus store, attached, brick, mixed-use building. Great location for any business. Two six room apartments above the store, each feature three bedrooms, living room, dining room, kitchen and three-quarter bath. The building has been fully renovated in 2023 and both apartments are rented out at market price. The 3rd floor is rented for $3600 and the second floor is rented for $3800. Each apartment has a washer/dyer and each room has split unit AC. Commercial space is currently being rented for $3350
Current gross rent roll $129000 - Expenses are $14,075 Cap rate of 6.3%

Lot: 20 ft x 80 ft. Building: 20 ft x 50 ft. Approx. Building Sq Ft: 3,300. Est. Annual Taxes: $5843.10. Street level store on commercial avenue with excellent exposure. Unfinished basement. Zoning: R6 Approx. Year Built: 1931. Stories: 3.
  1. Listed by Jerry Tenenbaum • Top Nest Inc

Amenities

  • Walk Up
  • Formal Dining Room
  • Voice Intercom
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 08/13/2024 02:17 PM

Property Details for 1541 Nostrand Avenue

StatusActive
MLS ID483655
Days on Market163
Taxes$5,843 / year
Maintenance-
Min. Down Pymt-
Total Rooms6.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size1,600 SF / 20' x 80'
CountyKings County

Building

1541 Nostrand Ave

3 Units3 StoriesBuilt in 1931

Building Information for 1541 Nostrand Avenue

Stories3Residences3Year Built1931Lot Size1,600 SF / 20' x 80'Building Age-Building Type-

Property Information for 1541 Nostrand Avenue

Summary
Location and General Information
  • Block: 4901
  • Number Of Stories: 1
  • Cross Street Name: Snyder Avenue
  • Cross Street Name: Tilden Avenue
  • Zoning: R6
  • Roof: Flat
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: Bank Mortgage, Cash
  • Tax Amount: 5843.1
  • Gross Expense: 14075.0
  • Gross Income: $148,800.00
Property
Lot Information
  • Sq Ft Total: 3300
  • Yard: Back
  • Lot Number: 69
  • Lot Size Irregular YN: No
  • Lot Size Length: 80
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Ductless/Split
  • Heating Fuel: Gas
  • AC Units: 4
  • Hot Water: Gas
  • Utility Expense: 1208.58
Interior and Exterior Features
Interior Features
  • Basement Amenities: Unfinished
  • Commercial Features Interior: Intercom
  • Foundation Details: Block
  • Flooring: Laminate, Tile
  • Unit Count: 3
  • Lavatories: 1
  • Construction Materials: Brick
  • Electric: 110 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1100.0
  • Building Length: 55.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 3350.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 1.0
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 3800.0
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 1
  • Unit Baths Total: 2
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 3600.0
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6124.0
  • Owner Occupied: No

Property History for 1541 Nostrand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1541 Nostrand Avenue

Taxable ValueLand$10,860Additions$47,100Total$57,960
Home Facts
Total Finished SqFt3,300 SqFtLot Size1,600 SqFtYear Built1931ZoningR6APN3049010069

Schools near 1541 Nostrand Avenue

This home is within Nyc Geog District #17 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
P.S. 181
PublicPK to 8

Academy of Hospitality and Tourism
Public9 to 12

Ms 246 Walt Whitman
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1541 Nostrand Avenue is a mixed use property for sale in Flatbush. This property was listed for sale on June 11, 2024 by Top Nest Inc, it's currently listed at $1,800,000. It has been on the market for a total of 163 days and was last sold on May 18, 2023. This listing's school district is Nyc Geog District #17 - Brooklyn. Nearby schools include P.S. 181, Academy of Hospitality and Tourism and Ms 246 Walt Whitman. 1541 Nostrand Avenue is a 6-bed, 2.5-bath, 3,300 sqft mixed use property built in 1931.

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Listing Courtesy of Top Nest Inc

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