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.
Active
$1,200,000
1505 Nostrand Ave, Brooklyn, NY 11226
5beds
--sqft
Multi Family
Built in 1899
-- sqft lot
$985,500 Zestimate®
$--/sqft
$-- HOA
What's special
- 411 days |
- 214 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
EQUITY ESSENTIALS LLC 914-374-1896,
Halyna Chyrva
Source: StreetEasy,MLS#: S1775341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Features
- Has fireplace: No
Property
Details
- Parcel number: 048840047
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1899
Community & HOA
Community
- Subdivision: Flatbush
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $925,000
- Annual tax amount: $6,096
- Date on market: 6/7/2025
Estimated market value
$985,500
$907,000 - $1.06M
$3,186/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/7/2025 | Listed for sale | $1,200,000+58.9% |
Source:  BNYMLS #493268 Report a problem | ||
| 4/7/2017 | Sold | $755,000-0.6% |
Source:  OneKey® MLS as distributed by MLS GRID #L2877868 Report a problem | ||
| 12/27/2016 | Listing removed | $759,800 |
Source: Ann Gorg Realty Corp #2877868 Report a problem | ||
| 11/13/2016 | Price change | $759,800-3.8% |
Source: Ann Gorg Realty Corp #2877868 Report a problem | ||
| 9/23/2016 | Price change | $789,800-9.1% |
Source: Ann Gorg Realty Corp #2877868 Report a problem | ||
| 8/21/2016 | Listed for sale | $869,000 |
Source: Ann Gorg Realty Corp #2877868 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,280 +3.1% | $55,500 +2.9% |
| 2024 | $6,093 | $53,940 -4% |
| 2023 | -- | $56,160 +10.1% |
| 2022 | -- | $51,000 +29.6% |
| 2021 | -- | $39,360 -13.2% |
| 2020 | $5,583 +4.3% | $45,360 +25.8% |
| 2019 | $5,351 +5.6% | $36,060 +48.9% |
| 2018 | $5,066 +2.6% | $24,218 |
| 2017 | $4,937 +16.1% | $24,218 +4% |
| 2016 | $4,252 | $23,296 +6% |
| 2015 | $4,252 +67.7% | $21,979 +4.3% |
| 2014 | $2,536 | $21,067 +4.4% |
| 2013 | -- | $20,182 |
| 2012 | -- | $20,182 +4% |
| 2011 | -- | $19,414 +6% |
| 2010 | -- | $18,316 +4.3% |
| 2009 | -- | $17,556 +4.4% |
| 2008 | -- | $16,819 |
| 2007 | -- | $16,819 +4% |
| 2006 | -- | $16,179 +6% |
| 2005 | -- | $15,264 +18% |
| 2003 | -- | $12,940 +4% |
| 2002 | -- | $12,441 +3% |
| 2001 | -- | $12,078 +2.3% |
| 2000 | -- | $11,803 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Flatbush
Nearby schools
GreatSchools rating
- 7/10Ps 181Grades: PK-8Distance: 0.2 mi
- 2/10Academy of Hospitality and TourismGrades: 9-12Distance: 0.5 mi
- 5/10Ms 246 Walt WhitmanGrades: 6-8Distance: 0.2 mi
- $--1 bd1 ba-- sqft1505 Nostrand Ave #4A, Brooklyn, NY 11226Off Market
- $--2 bd1 ba-- sqft1505 Nostrand Ave #3A, Brooklyn, NY 11226Off Market
- $--1 bd1 ba-- sqft1505 Nostrand Ave #4B, Brooklyn, NY 11226Off Market
- $--2 bd1 ba-- sqft1505 Nostrand Ave #3B, Brooklyn, NY 11226Off Market
- $--2 bd1 ba-- sqft1505 Nostrand Ave #3C, Brooklyn, NY 11226Off Market
- $--1 bd1 ba-- sqft1505 Nostrand Ave #4C, Brooklyn, NY 11226Off Market
- $--2 bd1 ba-- sqft1505 Nostrand Ave #3D, Brooklyn, NY 11226Off Market
- $--1 bd1 ba-- sqft1505 Nostrand Ave #4D, Brooklyn, NY 11226Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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