Discover an unparalleled investment opportunity in the heart of Brooklyn's thriving neighborhood. This property, currently in mid-construction, is poised to become a stunning 8-unit residential building, offering a mix of modern living spaces designed for maximum appeal and profitability. Originally a 3-family structure, this property is undergoing a significant transformation into an 8-family residence. The top two units will be luxurious duplexes, each boasting spacious layouts and direct access to a penthouse on the top floor, providing an elevated urban living experience. Key milestones in the construction process have already been completed, including demolition, foundation work, and underpinning. This means that the groundwork for a high-quality, structurally sound building is already in place. Located in a vibrant area of Brooklyn, the property offers excellent access to public transportation, shopping, dining, and cultural attractions. Don't miss out on this chance to create a standout residence in one of New York City's most dynamic boroughs. ***BUYER MUST VERIFY ALL INFO***
Property Details
Property Features
Listing Office:
Office Name: Renaissance Realty Cons Group
Office Phone: (347) 886-4780
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 0.20 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $1,300,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New York, NY.
This property is $443.8K 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: ONEKEY
MLS Number: #3574560
Listing Office:
Office Name: Renaissance Realty Cons Group
Office Phone: (347) 886-4780
Listings courtesy of OneKey MLS as distributed by 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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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.
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.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. 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: 11/23/2024, 8:11:49 PM 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,556
Per Month
Principal & Interest
$6,489
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,964
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
P.S. 399 Stanley Eugene Clark School
2707 Albemarle Rd
Distance between this listing and this school0.22 miles
Public District Grades KG-5
4
/10
Norma Adams Clemons Academy
43 Snyder Ave
Distance between this listing and this school0.43 miles
Public District Grades KG-5
9
/10
Success Academy Charter School-Flatbush
15 Snyder Ave
Distance between this listing and this school0.49 miles
Public Charter Grades KG-4
Nearby Schools
5
/10
P.S. 181 Brooklyn
1023 New York Ave
Distance between this listing and this school0.25 miles
Public District Grades PK-8
3
/10
M.S. 246 Walt Whitman
72 Veronica Pl
Distance between this listing and this school0.28 miles
Public District Grades 6-8
8
/10
Central Brooklyn Ascend Charter School
465 E 29th St
Distance between this listing and this school0.46 miles
Public Charter Grades KG-7
Nearby Schools
3
/10
Academy for College Preparatory and Career Exp
911 Flatbush Ave
Distance between this listing and this school0.53 miles
Public District Grades 6-12
5
/10
Academy of Hospitality and Tourism
911 Flatbush Ave
Distance between this listing and this school0.53 miles
Public District Grades 9-12
3
/10
High School for Youth and Community Development at Erasmus
911 Flatbush Ave
Distance between this listing and this school0.53 miles
The neighbors living near this home have an average income of $46,471. Typical income of New York, NY residents is less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1660 Nostrand Ave
What is the listing price of this property?
The listing price of 1660 Nostrand Ave property is $1,300,000.
What type of property is this?
The property 1660 Nostrand Ave is land located in Flatbush, New York, 11226.
Is this property for sale now?
Active Listing: 1660 Nostrand Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1660 Nostrand Ave in Flatbush, NY and zip code 11226 in the Flatbush neighborhood. This home sits on a 0.20 acre lot. It has been listed on Rocket Homes since August 26, 2024 and is currently priced at $1,300,000.
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. Between September 2024 and October 2024, New York, NY real estate market has seen increase in the number of listings 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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Pro Boxing
Music Concerts
Banana Republic
IKEA
H&M
Jack In The Box
Quiznos
Chipotle
Toyota
Lexus
Volkswagen
Jazz
Soft Adult Contemporary