5 months on rocket

1088 Nostrand Ave, New York City, NY, 11225

$2,500,000

Home List Price

$10,000*

Closing Credit

11 Bedrooms
4 Full Baths
Townhouse

Location

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1088 Nostrand Ave, New York$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1931
BasementYes
MLS #PRCH-20974987
StatusActive

About 1088 Nostrand Ave

A stately four-family mixed-use building spans an impressive 5,514 square feet, delivered vacant and ideal for savvy investors, primary residents, or those looking to establish a business hub in a strategic location that offers a wealth of opportunities. 11 Bedroom, 4 Full Bath | 2 Retail, 1 Event Space with 2 Half Baths | Unfinished Basement Building Size: 26.67 X 86 | Square footage: 5,514 | Lot Size: 26.6 X100 | 950 FAR Delivered vacant! Comprised of four spacious residential units, ideal for rental income or converting into your modern residence. The property includes two retail spaces on the ground floor, perfect for shops, cafes, or offices. Additionally, an event space at the back of the property adds a versatile area for gatherings, workshops, or additional business ventures. Nestled in the bustling Prospect-Lefferts Gardens neighborhood, this property enjoys excellent foot traffic, a thriving community atmosphere, and proximity to local amenities, parks, and public transportation (B44 and B49 bus lines or the 2,3, Q and B, subway lines) making it an exceptional investment opportunity. Whether you're an investor looking to maximize rental income or/and a multi-faceted business hub, this property offers unparalleled potential. Embrace the opportunity to rejuvenate this historic building and create a landmark destination in one of Brooklyn's most dynamic neighborhoods. Don't miss out on this rare chance to invest in a property brimming with possibilities. Exclusive viewings are available by confirmed appointments only! Contact us today and explore the endless opportunities this gem has to offer!

Property Details

Property Features

Property Information:

  • Year Built: 1931

Listing Office:

  • Office Name: Daniel Gale Sotheby's International Realty
  • Office Phone: (631) 423-1180
  • Listing Agent: Nathaniel Brown
  • Agent Phone: (718) 638-6500

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Exterior: Building Garden, Garden

Lot Features

Lot Information:

  • Lot: Garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

HOA Fees:

  • Amount: $0
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in New York, NY.

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New York, NY

City

Med. Sold Price

$856.1K

Med. Price/SqFt

$645

Avg. Days On Market

84

# of Sold Homes

1952

1088 Nostrand Ave vs New York

165 DAYS ON ROCKET

+81 Days

$2,500,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in New York, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REBNY
  • MLS Number: #PRCH-20974987

Listing Office:

  • Office Name: Daniel Gale Sotheby's International Realty
  • Office Phone: (631) 423-1180
  • Listing Agent: Nathaniel Brown
  • Agent Phone: (718) 638-6500

IDX ©2024 The Real Estate Board of New York, Inc., All rights reserved. Website powered by IHR Technology Services.

Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not beenverified by the RLS and should be verified by the consumer. The listing information provided here is forthe 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/16/2024, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-137191
7
/10

  • P.S. 397 Foster-Laurie School

  • 490 Fenimore St

  • 0.30 miles

  • Public District Grades PK-5

school-card-donut-137192
6
/10

  • P.S. 161 The Crown School

  • 330 Crown St

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-137193
3
/10

  • P.S. 92 Adrian Hegeman School

  • 601 Parkside Ave

  • 0.38 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,568. Typical income of New York, NY residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1088 Nostrand Ave

What is the listing price of this property?

The listing price of 1088 Nostrand Ave property is $2,500,000.

What type of property is this?

The property 1088 Nostrand Ave is a townhouse located in New York City, New York, 11225.

Is this property for sale now?

Active Listing: 1088 Nostrand Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1088 Nostrand Ave has 11 bedrooms and 4 bathrooms.

Which year was this property built?

The year of construction for 1088 Nostrand Ave is 1931.

Rocket Homes›New York›Kings County›New York›11225›1088 Nostrand Ave

This home is located at 1088 Nostrand Ave in New York City, NY and zip code 11225 in the Prospect Lefferts Gardens neighborhood. This home was built in 1931. Features: 11 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $2,500,000.

In October 2024, from all listings sold in New York, NY there were more than 269 sold above asking price, over 833 sold below and more than 850 were sold right at the asked price. The inventory of homes for sale in New York, NY between September 2024 and October 2024 increased by 1.8%. Listings spent 84 days on the market in October 2024, and had a median list price of $856,124 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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