1184 Nostrand is wonderfully maintained, cash flowing, mixed use, corner property that is fully occupied. The current cap rate is 6.2% and it has real upside potential. The retail tenant is a strong operator with multiple location. It is located in Prospect Lefferts Gardens, which has seen strong value growth over the last few years. The residential tenant are long term and have a great payment history. This is a terrific opportunity for anyone in a 1031X who is looking to place money in a cash flowing asset, or diversify their equity into real estate.
Please contact the listing agent for an Offering Memorandum.
Sold
$1,620,000
1184 Nostrand Ave, Brooklyn, NY 11225
6beds
3,364sqft
Building
Built in 1925
-- sqft lot
$1,921,800 Zestimate®
$482/sqft
$7,920 Estimated rent
Home value
$1,921,800
$1.71M - $2.17M
$7,920/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ian Mednick,
Compass,
Scott Klein
Source: StreetEasy,MLS#: S1626985
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Interior area
- Total structure area: 3,364
- Total interior livable area: 3,364 sqft
Property
Details
- Parcel number: 050440041
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Building
Condition
- Year built: 1925
Community & HOA
Community
- Subdivision: Prospect Lefferts Gardens
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $482/sqft
- Tax assessed value: $1,739,000
- Annual tax amount: $8,690
- Date on market: 9/14/2022
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2024 | Sold | $1,620,000-7.4%$482/sqft |
Source: Public Record Report a problem | ||
| 1/26/2024 | Pending sale | $1,750,000$520/sqft |
Source: StreetEasy Report a problem | ||
| 11/10/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 9/13/2023 | Listed for sale | $1,750,000$520/sqft |
Source: StreetEasy Report a problem | ||
| 5/30/2023 | Pending sale | $1,750,000$520/sqft |
Source: StreetEasy Report a problem | ||
| 3/16/2023 | Listed for sale | $1,750,000-4.1%$520/sqft |
Source: StreetEasy Report a problem | ||
| 1/20/2023 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 9/15/2022 | Listed for sale | $1,825,000+10.6%$543/sqft |
Source: StreetEasy Report a problem | ||
| 12/12/2017 | Sold | $1,650,000+211.3%$490/sqft |
Source: Public Record Report a problem | ||
| 6/18/2004 | Sold | $530,000+122.2%$158/sqft |
Source: Public Record Report a problem | ||
| 5/30/2000 | Sold | $238,500+19.3%$71/sqft |
Source: Public Record Report a problem | ||
| 1/15/1998 | Sold | $200,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,690 +1.8% | $104,340 +8.4% |
| 2024 | $8,538 | $96,240 -12.5% |
| 2023 | -- | $110,040 +20.7% |
| 2022 | -- | $91,200 +11% |
| 2021 | -- | $82,140 +11.4% |
| 2020 | $7,725 +3% | $73,740 +15% |
| 2019 | $7,498 +7.1% | $64,140 +91.6% |
| 2018 | $7,004 +3.7% | $33,480 +1.1% |
| 2017 | $6,752 +7.1% | $33,120 +2.7% |
| 2016 | $6,303 | $32,236 +6% |
| 2015 | $6,303 +67.3% | $30,412 +3% |
| 2014 | $3,768 | $29,520 |
Find assessor info on the county website
Neighborhood: Prospect Lefferts Gardens
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Nearby schools
GreatSchools rating
- 6/10Ps 397 Foster LaurieGrades: PK-5Distance: 0.2 mi
- 7/10Parkside Preparatory AcademyGrades: 6-8Distance: 0.2 mi
- NASchool For Human RightsGrades: 9-12Distance: 0.4 mi
- New York
- Kings County
- New York
- 11225
- Brooklyn
- Prospect Lefferts Gardens
- 1184 Nostrand Ave
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