1505 Nostrand Ave Unit 1509 Brooklyn, NY 11226
Flatbush NeighborhoodEstimated payment $6,801/month
Highlights
- Wood Flooring
- 1-minute walk to Church Avenue (2,5 Line)
- Back Yard
- Multiple cooling system units
About This Home
Investor’s Dream in Prime Brooklyn Location. Welcome to this fully occupied, high-income producing 2-family home located in the heart of a desirable Brooklyn neighborhood. This solid brick property features a 3-bedroom over 2-bedroom layout, plus a finished basement with a separate entrance—perfect for maximizing rental potential. With low expenses and excellent cash flow, this is an ideal opportunity for investors seeking immediate returns. Each unit offers spacious living, functional layouts, and long-term tenants in place. A small private backyard adds a touch of outdoor space, great for relaxation or tenant enjoyment. Conveniently situated near transportation, shopping, and dining, this property won't last long! Property Highlights: 2-Family Home
Finished Basement with Separate Entrance
3 Bedroom / 1 Bath Over 2 Bedroom / 1 Bath
Fully Occupied – Turnkey Investment
Small Private Backyard
Low Maintenance / High Returns
Prime Location – Close to Subways, Shops & More
Don’t miss your chance to own a cash-flowing gem in a high-demand area.
Subject to E&O.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,093
Year Built
- Built in 1899
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 100 x 20
- Back Yard
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Flooring
- Wood
- Ceramic Tile
Utilities
- Multiple cooling system units
- Window Unit Cooling System
- Heating System Uses Gas
Additional Features
- 3 Full Bathrooms
- Walk-Out Basement
Listing and Financial Details
- Tax Block 4884
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $2,400
- Insurance Expense $3,240
- Utility Expense $1,800
- Gross Income $85,200
- Net Operating Income $69,267
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 | $6,093 | $55,500 | $16,560 | $38,940 |
| 2024 | $6,093 | $53,940 | $16,560 | $37,380 |
| 2023 | $5,902 | $56,160 | $16,560 | $39,600 |
| 2022 | $5,802 | $51,000 | $16,560 | $34,440 |
| 2021 | $5,883 | $39,360 | $16,560 | $22,800 |
| 2020 | $2,759 | $45,360 | $16,560 | $28,800 |
| 2019 | $5,288 | $36,060 | $16,560 | $19,500 |
| 2018 | $4,937 | $24,218 | $8,936 | $15,282 |
| 2017 | $4,637 | $24,218 | $11,706 | $12,512 |
| 2016 | $4,347 | $23,296 | $11,776 | $11,520 |
| 2015 | $2,536 | $21,979 | $11,209 | $10,770 |
| 2014 | $2,536 | $21,067 | $12,553 | $8,514 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/07/2025 06/07/25 | For Sale | $1,200,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Deed | $755,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $755,000 | -- | |
| Deed | $755,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $741,325 | Purchase Money Mortgage | |
| Closed | $741,325 | Purchase Money Mortgage | |
| Previous Owner | $231,300 | Purchase Money Mortgage | |
| Closed | $0 | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 493268
APN: 04884-0047
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