1505 Nostrand Avenue

1505 Nostrand Ave
Flatbush

$1,200,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of a house with a balcony
a spacious bedroom with a bed a table and chair
a bedroom with a bed and wooden floor
a bedroom with a bed dresser and a kitchen island
a bedroom with a bed and a flat screen tv
a bedroom with a bed a couch and a large window
a bathroom with a sink a toilet and shower
a bedroom with a bed and teddy bear on bed
a bedroom with a large bed and a chandelier
a living room with furniture and a flat screen tv
a bedroom with furniture and a flat screen tv
a bedroom with a bed and a couch
a bedroom with bed and a window
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a bathroom with a granite countertop sink a mirror and a bathtub
a bed room with a bed a couch and a chandelier
a bed sitting in a bedroom next to a window and dresser
a view of a dining room with furniture
a living room with furniture
a kitchen with stainless steel appliances granite countertop a sink and cabinets
a bathroom with a toilet sink and mirror
a bedroom with a bed and mirror

Description

Investor’s Dream in Prime Brooklyn Location. Welcome to this fully occupied, high-income producing 2-family home located in the heart of a desirable Brooklyn neighborhood. This solid brick property features a 3-bedroom over 2-bedroom layout, plus a finished basement with a separate entrance—perfect for maximizing rental potential. With low expenses and excellent cash flow, this is an ideal opportunity for investors seeking immediate returns. Each unit offers spacious living, functional layouts, and...Investor’s Dream in Prime Brooklyn Location. Welcome to this fully occupied, high-income producing 2-family home located in the heart of a desirable Brooklyn neighborhood. This solid brick property features a 3-bedroom over 2-bedroom layout, plus a finished basement with a separate entrance—perfect for maximizing rental potential. With low expenses and excellent cash flow, this is an ideal opportunity for investors seeking immediate returns. Each unit offers spacious living, functional layouts, and long-term tenants in place. A small private backyard adds a touch of outdoor space, great for relaxation or tenant enjoyment. Conveniently situated near transportation, shopping, and dining, this property won't last long! Property Highlights:

2-Family Home
Finished Basement with Separate Entrance
3 Bedroom / 1 Bath Over 2 Bedroom / 1 Bath
Fully Occupied – Turnkey Investment
Small Private Backyard
Low Maintenance / High Returns
Prime Location – Close to Subways, Shops & More
Don’t miss your chance to own a cash-flowing gem in a high-demand area. Subject to E&O.

Amenities

  • Basement
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/05/2025 08:17 PM

Property Details for 1505 Nostrand Avenue

StatusActive
MLS ID493268
Days on Market199
Taxes$6,093 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMulti Family
MLS TypeResidential
Year Built1899
Lot Size2,000 SF / 20' x 100'
CountyKings County

Building

1505 Nostrand Ave

2 Units2 StoriesBuilt in 1899

Location

Listing Courtesy of Equity Essentials LLC
Add your commute

Building Information for 1505 Nostrand Avenue

Stories2Residences2Year Built1899Building Size20' x 50'Building Sq. Ft2,000 SFLot Size2,000 SF / 20' x 100'Building Age-Building Type-

Payment Calculator

$6,437 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,930

Property Taxes

$508

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1505 Nostrand Avenue

Summary
Location and General Information
  • Block: 4884
  • Cross Street Name: Snyder Ave
  • Cross Street Name: Church Ave
  • Zoning: R6A
  • Roof: Flat
  • Residential Features: A/C Unit - Window
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 6093.0
  • Gross Income: $85,200.00
  • Cap Rate: .06%
Property
Lot Information
  • Yard: Back
  • Lot Number: 47
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 20
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Gas
  • AC Units: 2
  • Hot Water: Other
  • Utility Expense: 1800.0
  • Fuel Expense: 2400.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Separate Entrance
  • Baths Three Quarter: 0.0
  • Foundation Details: Other
  • Flooring: Ceramic, Hardwood, Tile
  • Unit Count: 2
  • Building Amenities: NONE
  • Construction Materials: Brick
  • Electric: Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1000.0
  • Building Length: 50.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 3 Bedrooms
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 1
  • Unit Rooms Total: 4
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 69267.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3240.0
  • Owner Occupied: No

Property History for 1505 Nostrand Avenue

DateEvent & SourcePriceAppreciationLink
Jun 7, 2025

Listed (Active)

BKMLS #493268

$1,200,000——
Apr 7, 2017

Sold

BKMLS #403181

$755,000——
Apr 7, 2017

Contract Signed

BKMLS #403181

——
Apr 7, 2017

Sold (Public Record)

ACRIS #2017041000472001

$755,000—
Aug 19, 2016

Listed (Active)

BKMLS #403181

$789,800——
DateEvent & SourcePrice
06/07/2025

Listed (Active)

BKMLS #493268

$1,200,000
04/07/2017

Sold

BKMLS #403181

$755,000
04/07/2017

Contract Signed

BKMLS #403181

—
04/07/2017

Sold (Public Record)

ACRIS #2017041000472001

$755,000
08/19/2016

Listed (Active)

BKMLS #403181

$789,800

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1505 Nostrand Avenue

Taxable ValueLand$16,560Additions$37,380Total$53,940
Tax Record2025$6,093 ($508 / month) Tax Class1Tax Rate20.085%
Home Facts
Total Finished SqFt1,528 SqFtLot Size2,000 SqFtYear Built1899ZoningR6APN3048840047

Schools near 1505 Nostrand Avenue

This home is within New York City Geographic District #17.
Rating
School
Type
Grades
Distance
P.S. 181
Public - PK to 8
High School For Service And Learning At Erasmus
Public - 9 to 12
Ms 246 Walt Whitman
Public - 6 to 8
Academy of Hospitality and Tourism
Public - 9 to 12
Rating
School
Distance
P.S. 181
PublicPK to 8

High School For Service And Learning At Erasmus
Public9 to 12

Ms 246 Walt Whitman
Public6 to 8

Academy of Hospitality and Tourism
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1505 Nostrand Avenue, Flatbush

1505 Nostrand Avenue is a multi-family home for sale in Flatbush. This property was listed for sale on June 7, 2025 by Equity Essentials LLC, it's currently listed at $1,200,000. It has been on the market for a total of 199 days and was last sold on April 7, 2017. This listing's school district is New York City Geographic District #17. Nearby schools include P.S. 181, High School For Service And Learning At Erasmus and Ms 246 Walt Whitman. 1505 Nostrand Avenue is a 0-bed, 3-bath, multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Essentials LLC

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.