MLS#1024049
STATUSActive
PROPERTY TYPECommercial -
SCHOOLBrooklyn 17
Property 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.
Property Features
Property Type: Commercial -
Basement: Full, Walk-Out Access
Basement: Yes
Cooling: None
Heating: Heat Pump, Oil
Lot Size: 0.05 Acres
Taxes: $14,246
Year Built: 1931
Feature Descriptions
Building Area Total: 4500
Exterior: Brick
On Market Date: 2026-07-09
Parcel Number: 04828-0006
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 6
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
Middle School: Parkside Prep Academy
Elementary School: Ps 397 Foster-Laurie
School District: Brooklyn 17
Listed By / Shown By
Listing By
Agency Name: MYNY Residential
Agency Phone: 718-921-3100
Shown By
Agent Name: Maureen Stoll
Agent Phone: (516) 384-4954
Agency Title: Coldwell Banker American Homes
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: Licensed Broker Associate
1281 Nostrand Avenue | MLS# 1024049
This commercial property located at 1281 Nostrand Avenue , Brooklyn, NY 11226 is currently listed for sale with an asking price of $2,200,000. Nostrand Avenue is located within the Brooklyn 17 school district. Search Brooklyn real estate on maureenstoll.cbamhomes.com today.