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Sold for $760,000
  • $760,000

    1597 Nostrand Ave, Brooklyn, NY 11226

    6beds
    2,220sqft
    Mixed Use
    Built in 1931
    -- sqft lot
    $1,088,100 Zestimate®
    $342/sqft
    $3,658 Estimated rent

    Home value

    $1,088,100

    $958,000 - $1.22M

    $3,658/mo

    Zestimate® history
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    $3,658/mo

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    $4,535/mo

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    $4,535/mo

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    What's special

    Tremendous, mixed-use, solid brick, multi-family investment property, just arriving to market in Flatbush! Rarely do you see such an opportunity arrive with such potential as this right on Nostrand Avenue itself! This semi-detached 3-story, 2-family building with R6 zoning has a storefront on the first floor; on the second floor is a spacious 3-bedroom 1-bathroom apartment, and the top floor is also a 3-bedroom, 1-bathroom apartment, both floors are in mint, extraordinary condition! The neighborhood is a great one, just a short walk from the newly renovated Kings Theater which has become a centerpiece of its recent renaissance! Buildings with this type of investment potential are very rare, call today!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Appliances
    • Included: Refrigerator
    Interior area
    • Total interior livable area: 2,220 sqft

    Property

    Lot
    • Size: 1,999 Square Feet
    Details
    • Parcel number: 049010046
    • Zoning: R6

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use
    Condition
    • Year built: 1931

    Utilities & green energy

    • Electric: Other

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $342/sqft
    • Tax assessed value: $1,180,000
    • Annual tax amount: $14,084

    Price history

    DateEventPrice
    10/10/2023Sold$760,000-24%$342/sqft
    Source: Public Record Report a problem
    7/25/2018Listing removed$999,999$450/sqft
    Source: Elite Connect Real Estate Report a problem
    2/14/2018Listed for sale$999,999+8.1%$450/sqft
    Source: Elite Connect Real Estate Inc #417916 Report a problem
    1/27/2017Listing removed$925,000$417/sqft
    Source: Fave Realty Inc #2895820 Report a problem
    11/10/2016Listed for sale$925,000$417/sqft
    Source: Fave Realty Inc #2895820 Report a problem
    11/20/2012Listing removed$1,650$1/sqft
    Source: JackieBoo Report a problem
    11/15/2012Listed for rent$1,650$1/sqft
    Source: JackieBoo Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,084 +4%$70,800 +5.7%
    2024$13,541 $66,960 -13.4%
    2023-- $77,340 +28.9%
    2022-- $60,000 -67.9%
    2021-- $187,200 +0.8%
    2020$15,626 +8%$185,760
    2019$14,468 $185,760 +73%
    2018-- $107,406 +8%
    2017$12,649 -1.3%$99,450
    2016$12,812 $99,450 +3.2%
    2015$12,812 +66.2%$96,367 +8%
    2014$7,707 $89,229
    Find assessor info on the county website

    Neighborhood: Flatbush

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Community District 17

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.