1073 Nostrand Avenue

1073 Nostrand Ave, Brooklyn, NY 11225

  • For Sale $1,900,000
  • Property Type Mixed Use
  • Property Size 3,420 SF
  • Lot Size 0.04 Acre
  • Year Built 1925
  • Date Updated Sep 7, 2020
THE OFFERING Marcus & Millichap is pleased to offer the following opportunity located between the emerging submarkets of Prospect Lefferts Gardens and Crown Heights. 329 Sterling Street is located between New York Avenue and Nostrand Avenue and consists of 28 Apartments recently constructed in 2016 just 300 feet from the 2 and 5 train stop at Sterling Street. THE OPPORTUNITY 15 Year Tax Abatement. The property is currently benefiting from a 15-Year 421-A Tax Abatement which ends in 2032, therefore the opportunity will allow an investor to benefit from rent growth while being protected from large increases in expenses. The Premier Location: Centered in between two of Brooklyn’s most emerging neighborhoods Crown Heights and Prospect Lefferts Gardens, the neighborhood features plenty of trendy restaurants, cafes, bars and supermarkets. Such as Gruit, the Alenbi, PLG Coffee House, Brooklyn Artisan Bakehouse and Izzy’s BBQ Smokehouse. Additionally, the property is four blocks from Prospect Park and an under 25 minute commute to manhattan. Other new Developments in the area include Hudson’s 310 Clarckson named the Clark, Hello Living’s 270 Lenox and Monian Capital’s 123 Linden boulevard which features lots of high end amenities including an indoor and outdoor pool. Luxury Amenities: 329 Sterling features a full rooftop with beautiful views, a fitness room, a virtual doorman, a bike rack and parking spaces available in the garage. High End Finishes: Residences feature oversized full wall windows to maximize sunlight, European white oak flooring, select apartments with private terraces, Italian Carrera Marble Countertops, stainless steel appliances, and modern designed bathrooms.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Prospect - Lefferts Gardens
  • Zip Code 11225
  • Market Brooklyn

Points of Interest

  • Sterling Street

    0.09 miles

  • Winthrop Street

    0.33 miles

  • President Street–Medgar Evers College

    0.43 miles

  • Nostrand Avenue

    0.56 miles

  • Prospect Park

    0.62 miles

  • Kingston Avenue

    0.68 miles

  • Franklin Avenue

    0.73 miles

  • Parkside Avenue

    0.73 miles

  • Botanic Garden

    0.76 miles

  • Church Avenue

    0.76 miles

  • BP

    0.22 miles

  • BP

    0.42 miles

  • BP

    0.55 miles

  • Tesla Supercharger

    0.86 miles

  • BP

    1.19 miles

  • Mobil

    1.22 miles

  • Shell

    1.29 miles

  • Shell

    1.42 miles

  • Sunoco

    1.44 miles

  • EVgo

    1.47 miles

  • Kings County Parking Garage

    0.64 miles

  • The Brooklyn Museum and Botanic Garden

    0.95 miles

  • Rapid Park

    1.34 miles

  • Underhill Garage

    1.35 miles

  • Car Park Systems

    1.59 miles

  • Garfield Garage

    1.61 miles

  • Ultra Car Park Systems

    1.66 miles

  • Cielo Garage

    1.67 miles

  • Pathmark

    1.91 miles

  • Eastern Fruits and Vegetables

    2.49 miles

  • The Brooklyn Riviera Hostel

    0.88 miles

  • Best Western

    1.13 miles

  • Brooklyn Vybe Hotel, Ascend Hotel Collection

    1.17 miles

  • La Quinta

    1.17 miles

  • The Brooklyn Hotel

    1.18 miles

  • Towneplace Suites

    2.08 miles

  • Hotel le Bleu

    2.08 miles

  • Union Hotel

    2.10 miles

  • Holiday Inn Express Brooklyn

    2.11 miles

  • Fairfield Inn

    2.17 miles

  • Names

    0.16 miles

  • Gold Room BK

    0.16 miles

  • YKA Restaurant

    0.16 miles

  • Mockingbird

    0.16 miles

  • Glou

    0.19 miles

  • Grüit

    0.20 miles

  • The Food Sermon

    0.26 miles

  • Domino's Pizza

    0.26 miles

  • Bakery Immaculee

    0.31 miles

  • Alenbi Kitchen

    0.32 miles

  • Saint Francis of Assisi Elementary School

    0.08 miles

  • Public School K141

    0.38 miles

  • Middle School K002

    0.38 miles

  • Machon Chana

    0.42 miles

  • High School for Public Service

    0.42 miles

  • Medgar Evers College

    0.43 miles

  • Public School 92

    0.43 miles

  • St. Mark's Day School

    0.48 miles

  • SUNY-Downstate School of Public Health

    0.51 miles

  • Exceed Upper School

    0.52 miles

  • Kiddie Science

    0.21 miles

  • Lefferts Gardens Montessori

    0.24 miles

  • Bambi Early Education and Child Care

    0.34 miles

  • Hawthorne Corners Day Care

    0.46 miles

  • Friends of Crown Heights Educational Center

    0.55 miles

  • Elite Early Childhood Learning Center

    0.59 miles

  • Maple Street School

    0.61 miles

  • Maple Street School

    0.62 miles

  • Blue Star Academy

    0.70 miles

  • Park Place Day Care

    0.79 miles

Frequently Asked Questions

What is the lease rate for 1073 Nostrand Avenue?

Rental asking rate at 1073 Nostrand Avenue is $950,000.00/YR.

What is the total square footage of 1073 Nostrand Avenue?

1073 Nostrand Avenue totals 3,420 square feet.

When was this property built?

1073 Nostrand Avenue was built in 1925.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact 1073 Nostrand Avenue