NOT LISTED FOR SALE

Estimated Value: $1,829,565

6 Beds
4.5 Baths
5,513 Sq Ft
$332/Sq Ft Est. Value

Last Sold August 19, 2025

Last sale price $1,825,000 $331 Per Sq Ft

Current estimated payment $10,045/month

42 Days on Market

Highlights

  • High Ceiling
  • Cooling Available
  • Recessed Lighting
  • Private Yard
  • Breakfast Bar
  • 4-minute walk to Hattie Carthan Playground

About This Home

As of August 2025

Property will be delivered vacant or with a storefront tenant paying $7,000/mo.

Unlock the potential of this mixed-use property, located in the heart of Bedford Stuyvesant. This building features a spacious commercial storefront on the ground level, perfect for retail or office use. The commercial space includes its own private backyard, a finished basement, and a dedicated bathroom, offering versatile options for tenants or business owners.

Above the commercial unit are two full-floor 3-bedroom, 2-bathroom apartment units, each thoughtfully renovated with modern amenities. Both apartments boast stainless steel appliances, gas stoves, in-unit washer/dryers, walk-in closets, and energy-efficient Pella windows. Tenants will appreciate the shared roof terrace, providing additional outdoor space and stunning views.

Located in a high-demand area, this property offers solid income potential and long-term value. Whether you're looking to expand your portfolio or secure a prime piece of Brooklyn real estate, this is an opportunity not to be missed.
Located in the heart of Bedford-Stuyvesant, 385 Nostrand Avenue offers an ideal setting for both business owners and residents looking for a dynamic and culturally rich neighborhood.

For Business Owners:
Situated on a busy commercial corridor, 385 Nostrand Avenue benefits from significant foot traffic and visibility. The area is a growing hotspot for retail, restaurants, and small businesses, thanks to its proximity to popular local destinations like Peaches HotHouse, C’mon Everybody, and Do or Dive Bar, all of which attract a steady stream of locals and visitors. Being close to Franklin Avenue and Bedford-Nostrand Avenues subway station (G line), businesses here enjoy easy access to both local customers and those from neighboring areas like Clinton Hill and Crown Heights.

The surrounding area is filled with thriving businesses and new developments, creating opportunities for entrepreneurs to tap into a diverse and ever-growing customer base. Nostrand Avenue's ongoing revitalization makes it an attractive option for any business looking to establish a presence in an up-and-coming neighborhood.

For Residents:
For residents, 385 Nostrand Avenue is in a prime location, combining the charm of Brooklyn's historic architecture with modern conveniences. Nearby parks such as Herbert Von King Park and John Hancock Playground offer green spaces for outdoor activities, while the surrounding streets are lined with cafes, restaurants, and grocery stores, catering to all lifestyle needs.

The property’s proximity to public transportation, including the G train and several bus lines, ensures that residents can commute to Manhattan and other parts of Brooklyn with ease. Additionally, the mix of long standing institutions like Macosa Trattoria and newer trendy spots make the neighborhood a blend of tradition and modern living.

With its vibrant community, excellent amenities, and convenient location, 385 Nostrand Avenue provides the perfect balance of work and life for business owners and residents alike.

Last Agent to Sell the Property

Kyle Lewis

Compass License #10401300080 Listed on: 02/12/2025

Compass

Co-Listed By

Joshua Golan

Compass License #10301215797

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,172

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 19.830000x80.000000
  • Private Entrance
  • Private Yard

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,513 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Recessed Lighting
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Cooling Available
  • No Heating

Community Details

  • 3 Units
  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Tax Block 01823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,172

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Bedford-Stuyvesant
  • Entry Level: 1
  • Structure Type: Multi Family, Mixed Use, Townhouse
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Features: Breakfast Bar, High Ceilings, Recessed Lighting, Walk-In Closet(s)
  • Appliances: Cooktop, Dryer, Dishwasher, Gas Cooktop, Gas Oven, Stainless Steel Appliance(s), Washer
  • Fireplace: No
  • Living Area: 5513.0
  • Living Area Units: Square Feet
  • Basement: Yes
  • Basement: Full

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 6

Exterior Features

  • View: No
  • Exterior Features: Private Entrance, Private Outdoor Space Over 60 Sqft, Private Yard

Garage/Parking

  • Garage: No
  • Attached Garage: No

Utilities

  • Laundry Features: Washer Hookup, In Unit, See Remarks
  • Cooling: Other
  • Cooling: Yes
  • Heating: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: None

Lot Info

  • Lot Size Units: Square Feet
  • Lot Size Dimensions: 19.830000x80.000000

Building Info

  • New Construction: No
  • Units: 3
  • Total Stories: 3
  • Year Built: 1910

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Block: 01823
  • Tax Lot: 0000
  • Tax Annual: 5172.0

Multi Family

  • Building Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Aug 18, 2025
Sold by
Management Company 555 Llc
Bought by
Nostrand 385 Inc
Seller's Agent
Kyle Lewis
Compass
List Price
$1,925,000
Sold Price
$1,825,000
Premium/Discount to List
-$100,000
-5.19%
Views
20
Current Estimated Value
$1,829,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,565
Avg. Annual Appreciation
0.72%
Original Mortgage
$1,368,750
Outstanding Balance
$1,365,174
Interest Rate
6.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$464,391

Purchase Details

Closed on
Dec 6, 2017
Sold by
385 Nostrand Llc
Bought by
Management Company 555 Llc

Purchase Details

Closed on
Sep 3, 2015
Sold by
Buckheit Esq Administrator Commissio and Estate Of Cecil Thompson
Bought by
385 Nostrand Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2002
Sold by
Hernandez Elaine
Bought by
Thompson Cecil

Purchase Details

Closed on
May 22, 1996
Sold by
Hernandez Elaine and Thompson Cecil
Bought by
Hernandez Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
7.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 1995
Sold by
Thompson Cecil
Bought by
Thompson Cecil and Hernandez Elaine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Nostrand 385 Inc $1,825,000 --
Management Company 555 Llc $1,120,000 --
Management Company 555 Llc $1,120,000 --
Management Company 555 Llc $1,120,000 --
385 Nostrand Llc $1,060,000 --
385 Nostrand Llc $1,060,000 --
385 Nostrand Llc $1,060,000 --
Thompson Cecil -- --
Thompson Cecil -- --
Hernandez Elaine -- --
Hernandez Elaine -- --
Thompson Cecil $25,000 --
Thompson Cecil -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nostrand 385 Inc $1,368,750
Previous Owner 385 Nostrand Llc $575,000
Previous Owner Hernandez Elaine $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2025 08/19/25 Sold $1,825,000 -5.2% $331 / Sq Ft
03/26/2025 03/26/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $1,925,000 -- $349 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

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 $5,175 $93,060 $8,820 $84,240
2024 $5,175 $73,500 $8,820 $64,680
2023 $5,036 $64,980 $8,820 $56,160
2022 $4,688 $51,000 $8,820 $42,180
2021 $4,663 $43,680 $8,820 $34,860
2020 $3,497 $36,000 $8,820 $27,180
2019 $3,079 $33,240 $8,820 $24,420
2018 $2,836 $13,912 $3,844 $10,068
2017 $2,678 $13,136 $3,893 $9,243
2016 $2,483 $12,420 $3,909 $8,511
2015 $1,495 $12,415 $4,691 $7,724
2014 $1,495 $12,265 $5,565 $6,700
Source: Public Records

Agents Affiliated with this Home

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Source: Real Estate Board of New York (REBNY)

MLS Number: RLS20002944

Real Estate Board of New York (REBNY)

APN: 01823-0009