$1,899,999

1281 Nostrand Ave Brooklyn, NY 11226

Prospect Lefferts Gardens Neighborhood

Estimated payment $11,030/month

Total Views 2,757
-- Bed
6 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Fenced Yard
  • 1-minute walk to Winthrop Street
  • Back Yard
  • Ceramic Tile Flooring
  • Baseboard Heating

About This Home

Investment Opportunity in Prime Brooklyn Welcome to a rare opportunity to own a solid six-family brick building located in the heart of Brooklyn’s bustling East Flatbush neighborhood. This well-maintained, income-producing property is perfect for investors seeking consistent rental revenue and long-term growth potential in one of Brooklyn’s most dynamic and evolving corridors. Property Highlights: 6 Family Brick Building – Fully occupied, offering strong rental income Residential Units: (6) spacious 2-bedroom apartments with excellent layout and natural light.
Great upside potential through rental increases or possible upgrades Close proximity to major transit lines (2/5 subway lines at Church Ave) Located on a vibrant commercial corridor with shops, dining, and amenities at your doorstep Minutes from Prospect Park, Kings Theater, and SUNY Downstate Medical Center Whether you're a seasoned investor or looking for your first multi-family asset in a high-demand rental area, this property offers the stability and upside every buyer is looking for.

Listing Agent

Katia Belony

Best Realty Professionals Listed on: 06/17/2025

Co-Listing Agent

Ronald Jeancharles

Best Realty Professionals

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,111 Sq Ft Lot
  • Lot Dimensions are 84 x 25
  • Fenced Yard
  • Irregular Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • 110 Volts

Additional Features

  • Ceramic Tile Flooring
  • 6 Full Bathrooms
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Tax Block 4828

Community Details

Overview

  • 6 Units

Building Details

  • Fuel Expense $10,000
  • Utility Expense $5,000
  • Gross Income $129,600
  • Net Operating Income $79,600

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Brooklyn
  • Co List Office Mls Id: 120360
  • Co List Office Phone: (718) 484-3745
  • Confirmed By M L S Y N: Yes
  • Cross Street: Parkside
  • Handicap Access Y N U: No
  • Heat Delivery: Baseboard
  • Number Of Families: 6
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator
  • Street Name I D X: Nostrand
  • Special Features: None

Interior Features

  • Basement Full Bathrooms: 6
  • Flooring: Ceramic
  • Lot Sq Ft: 2111

Exterior Features

  • Yard: Back, Fenced - Full
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 6
  • Roof: Asphalt/Tar

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Oil
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 10000.00

Lot Info

  • Lot Dimensions: 2,111
  • Lot Size Irregular: Yes
  • Lot Size Length: 84
  • Lot Size Width: 25

Rental Info

  • Rent Income: 10800

Multi Family

  • Annual Gross Expense: 40000.00
  • Annual Gross Income: 129600
  • Property Net Operating Income: 79600.00
  • Unit Count: 3
  • Annual Utility Expenses: 5000.00

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,257 $477,450 $4,500 $472,950
2024 $13,257 $397,980 $4,500 $393,480
2023 $12,600 $331,650 $4,500 $327,150
2022 $11,638 $276,300 $4,500 $271,800
2021 $10,807 $221,085 $4,500 $216,585
2020 $10,174 $214,650 $4,500 $210,150
2019 $10,288 $178,740 $4,500 $174,240
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2025 06/17/25 For Sale $1,899,999 +0.1% --
06/13/2025 06/13/25 For Sale $1,899,000 0.0% --
06/12/2025 06/12/25 Off Market $1,899,000 -- --
03/22/2025 03/22/25 For Sale $1,899,000 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 493554

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11225 Prospect Lefferts Gardens

1281 Nostrand Ave, Brooklyn, NY

For Sale

MultiFamily

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Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Listing Agent
Katia Belony
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Best Realty Professionals
(347) 407-8753