1281 Nostrand Ave Brooklyn, NY 11226
Prospect Lefferts Gardens NeighborhoodEstimated payment $10,893/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | For Sale | $1,899,999 | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 493554
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Ask me questions while you tour the home.