329 Nostrand Ave

For SaleContact for pricing

329 Nostrand Ave, Brooklyn, NY 11216

  • Mixed Use

329 Nostrand Ave, Brooklyn, NY 11216 - Mixed Use Space

329 Nostrand Ave is located at 329 Nostrand Ave in the Bedford-Stuyvesant neighborhood, NY, Brooklyn, 11216. The Mixed Use building was completed in 1931 and features a total of 4,212 Sqft.

Nearby Listings

Nearby Properties

Details

  • Sale Price Contact for pricing
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11216
  • Property Type Mixed Use
  • Property Size 4,212 Sqft
  • Lot Size 0.03 Acre
  • Year Built 1931
  • Date Updated 15 Oct, 2020

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

Description

TerraCRG has been retained to exclusively represent ownership in the sale of the Free Market, mixed use building located at 329 Nostrand Avenue in the Bed-Stuy

neighborhood of Brooklyn. The property is located between Lexington Avenue and Quincy Street.

The four story, brick building consists of three Free Marketresidential units and 1 vacant retail store. The residential units are all full floor, four bedroom units that has recently undergone a gut renovation and includes washer/dryer, separate heating and upscale appliances.

The building has a total SF of 4,212 SF. Two out of the three residential units are occupied. There is a gross projected rent roll of $154,848 and a projected NOI of $124,376. At the asking price the building represents a PPSF of ~$592.

The building is in tax class 2A which limits the tax increases per year.

Located on the western edge of Bed-Stuy, the property provides great access to the Bedford Avenue retail corridor with a plethora of attractions such as the Bedford YMCA, Do or Dive Bar, the Corners Bar, Burger King and more.

The building is located a few blocks away from the Bedford Nostrand Avenue station, with access to the G train, in addition to

the local A,C train at Nostrand Avenue and Fulton Street.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 329 Nostrand Ave?

329 Nostrand Ave totals 4,212 square feet.

When was this property built?

329 Nostrand Ave was built in 1931.

Bedford-Stuyvesant Demographics

The average household income in zip code 11216 is $88,367, from a total of 24,079 households. In terms of employment, there are 88.78 % white-collar and 11.22 % blue-collar jobs in zip code 11216.

Population

  • Total Population156,464
  • Male Population(47.2 %) 73,778
  • Female Population(52.8 %) 82,685
  • Median Age31.60

Income/Financial

  • Average Household Income$69,272
  • Median Household Income$50,153
  • Median Income Under 25$45,417
  • Median Income 25-44$69,323
  • Median Income 45-64$46,885
  • Median Income Over 65$26,338

Commercial Brokers Register now to add listings

Michael Hernandez

TerraCRG

Matt Cosentino

SYSTEM

(718) 768-6888

Fred Bijou

SYSTEM

Eddie Laboz

SYSTEM