$1,588,000

2988 Nostrand Ave Brooklyn, NY 11229

Madison Neighborhood

Estimated payment $10,719/month

Total Views 2,498
-- Bed
-- Bath
5,100 Sq Ft
$311 Price per Sq Ft

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • Back Yard
  • PS 222 Katherine R Snyder Rated A

About This Home

We are proud to offer a solid brick mixed-use building in a prime Brooklyn location this free-market income producing giant is an incredible opportunity for any investor or end user. 1 store and 5 residential units' possible full possession.

Listing Agent

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928 Listed on: 05/20/2025

RE/MAX Real Estate Professionals

Co-Listing Agent

Billy Apter

RE/MAX Real Estate Professionals License #40AP1037712

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $27,094

Year Built

  • Built in 1925

Lot Details

  • 2,000 Sq Ft Lot
  • Lot Dimensions are 100 x 20
  • Back Yard
  • Property is zoned R3-2

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 5,100 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Ceramic Tile

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 6792

Community Details

Overview

  • 5 Units

Building Details

  • Fuel Expense $3,600
  • Insurance Expense $5,000
  • Utility Expense $1,200
  • Gross Income $140,400

Property Details

Property Type

Other

Est. Annual Taxes

$27,094

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Full, Separate Entrance, Unfinished
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1700
  • Building Length: 85.00
  • Building Width: 20.00
  • Co List Office Mls Id: 114610
  • Co List Office Phone: (718) 532-2000
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Avenue P
  • Cross Street Name2: Quentin Rd
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 5
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 5100
  • Building Stories: 3
  • Street Name I D X: Nostrand
  • Street Number I D X: 2988
  • Year Built: 1925
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Ceramic, Hardwood, Tile
  • Lot Sq Ft: 2000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 13
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 3600.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 20
  • Zoning: R3-2

Rental Info

  • Rent Income: 11700

Multi Family

  • Annual Gross Expense: 8300.00
  • Annual Gross Income: 140400
  • Insurance Expense: 5000.00
  • Unit Count: 6
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 27094.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2025 09/12/25 Price Changed $1,588,000 -3.7% $311 / Sq Ft
06/11/2025 06/11/25 Price Changed $1,649,000 -8.1% $323 / Sq Ft
05/20/2025 05/20/25 For Sale $1,795,000 -- $352 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 492818

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11229 Madison

2988 Nostrand Ave, Brooklyn, NY

This home is located at 2988 Nostrand Ave, Brooklyn, NY 11229 and is currently priced at $1,588,000, approximately $311 per square foot. This property was built in 1925. 2988 Nostrand Ave is a home located in Kings County with nearby schools including PS 222 Katherine R Snyder, Jhs 234 Arthur W Cunningham, and James Madison High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Vito Angelo
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Vito Angelo
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RE/MAX Real Estate Professionals
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