1541 Nostrand Avenue
Description
Upon entering, you're greeted by a classic walk-up design that exudes charm and functionality. The recent renovation, completed in 2024, ensures modern touches throughout. Each residential unit is thoughtfully laid out with 3 bedrooms...Welcome to an exceptional investment opportunity at 1541 Nostrand Avenue, Brooklyn, NY, located in the vibrant neighborhood of Flatbush. This mixed-use building features two residential units and one commercial space, offering a highly desirable income-producing asset.
Upon entering, you're greeted by a classic walk-up design that exudes charm and functionality. The recent renovation, completed in 2024, ensures modern touches throughout. Each residential unit is thoughtfully laid out with 3 bedrooms and 2 bathrooms, providing ample space for comfort and style. The formal dining rooms in each unit are perfect for hosting and entertaining, while the voice intercom system adds a layer of convenience and security.
The commercial space is currently leased at $3,517.50 per month with a 5% annual rent escalator, contributing to a robust annual rent roll of $133K. The residential units each generate $3,800 per month, enhancing the property's strong income potential. Utility and tax expenses total approximately $9K annually, balancing the investment equation.
Discover a rare find in the heart of Brooklyn. Whether you're seeking an income-generating asset or a home with versatile living and business options, 1541 Nostrand Avenue stands out as a premier choice.
Listing Agents
![David Chang]()
dchang@compass.comP: (914)-420-1985
![Bingyu Wu]()
bingyu.wu@compass.comP: (917)-969-7437
Amenities
- Walk Up
- Washer / Dryer in Unit
- Central AC
- Formal Dining Room
- Voice Intercom
- Basement
- Lowrise
Property Details for 1541 Nostrand Avenue
| Status | Permanently Off Market |
|---|---|
| Days on Market | 121 |
| Taxes | $523 / month |
| Maintenance | - |
| Min. Down Pymt | - |
| Total Rooms | 8.0 |
| Compass Type | Mixed Use |
| MLS Type | Mixed Use |
| Year Built | 1931 |
| Lot Size | 1,600 SF / 20' x 80' |
| County | Kings County |
| Buyer's Agent Compensation | 2.5% |
Building
1541 Nostrand Ave
Location
Building Information for 1541 Nostrand Avenue
Payment Calculator
$11,072 per month
30 year fixed, 6.46% Interest
$10,549
$523
$0
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1Property History for 1541 Nostrand Avenue
| Date | Event & Source | Price |
|---|---|---|
| 01/29/2026 | Permanently Off Market Manual | — |
| 09/30/2025 | Listed (Active) Manual | $2,095,000 |
| 06/11/2024 | Temporarily Off Market BKMLS #483655 | $1,800,000 |
| 06/11/2024 | Listed (Active) BKMLS #483655 | $1,800,000 |
| 05/18/2023 | Sold BKMLS #470700 | $980,000 |
| 05/18/2023 | Contract Signed BKMLS #470700 | — |
| 05/18/2023 | $980,000 | |
| 12/22/2022 | Listed (Active) BKMLS #470700 | $1,150,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1541 Nostrand Avenue
Schools near 1541 Nostrand Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
P.S. 181 PublicPK to 8 | ||
High School for Youth and Community Development 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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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 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 2026, 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. ©2026 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.©2026 The Real Estate Board of New York, Inc., All rights reserved.