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$2,200,000

For Sale

8 hours ago

1281 Nostrand Ave, Brooklyn, NY

House

MLS® 1024049

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $14,246
Days Active 0
Lot Size 0.0485 Acres
Approx. Age 1931
MLS® Number 1024049

Property Address: 1281 Nostrand Ave, Brooklyn, NY, 11226-1512

Average square foot calculated using Size range provided by listing agent.

Description

Excellent Value-Add Investment Opportunity in Prospect Lefferts Gardens! MYNY Residential is proud to present 1281 Nostrand Avenue, a well-maintained six-family apartment building located in the heart of the highly sought-after Prospect Lefferts Gardens neighborhood of Brooklyn. This rent-stabilized six-unit building presents a rare opportunity for investors to increase cash flow through leasing its vacant units. Four of the six apartments are currently vacant, including three beautifully renovated units that are move-in ready and projected to rent for approximately $2, 400 per month each apartment. Once fully leased, the property has a projected annual gross rental income of approximately $143, 544, making it an attractive value-add investment with strong long-term income potential. Additional features include an updated roof, approximately 4, 500 square feet of residential space, and R6/C2-3 zoning, with approximately 1, 837 square feet of additional buildable area (subject to architect and NYC DOB verification), offering future development potential. Conveniently located near Prospect Park, the 2 and 5 subway lines, shopping, restaurants, and neighborhood amenities, this property is ideally positioned in one of Brooklyn's most desirable and rapidly appreciating neighborhoods. Whether you're an experienced investor or looking to expand your multifamily portfolio, 1281 Nostrand Avenue offers an outstanding opportunity to acquire a classic Brooklyn apartment building with immediate upside and long-term appreciation potential.
MLS® Number1024049
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1931
BasementFull, Walk-Out Access
DrivewayNone
Garage Spaces
HeatHeat Pump, Oil
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 9, 2026List Date
$2,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
1281 Nostrand Ave, Brooklyn, NY

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