Check Availability
$4,900,000
House - For Sale

279 Nostrand Avenue

Bedford-Stuyvesant, NY 11216
bedrooms
Studio
bathrooms
0 Bath
$24,815
Estimated Monthly
$0
HOA / Fees
0.62%
Cap Rate

About This Property

Presenting 279 Nostrand Ave, a unique mixed-use property located in the vibrant neighborhood of Bed-Stuy, Brooklyn. This property seamlessly combines commercial and residential spaces, offering a versatile and dynamic investment opportunity.  The ground floor of this building is dedicated to commercial space, providing an excellent opportunity for entrepreneurs and business owners. With its prime location on Nostrand Ave, one of the bustling streets in Bed-Stuy, this property benefits from high visibility and foot traffic. The commercial space features large display windows, allowing for prominent signage and attracting customers passing by. Whether you have aspirations of opening a retail store, a restaurant, or an office, this versatile space can be tailored to suit your business needs.  On the upper floors, you'll find residential units, providing comfortable and convenient living spaces. The apartments feature modern amenities and stylish finishes, ensuring a desirable living experience for tenants. Each unit is thoughtfully designed to maximize space and natural light, creating a welcoming and cozy atmosphere. Residents will appreciate the proximity to local amenities, including shops, cafes, parks, and public transportation options.  Bed-Stuy is a vibrant and culturally rich neighborhood, known for its historic brownstone buildings, trendy restaurants, and lively community events. It offers a diverse range of entertainment options, from art galleries to music venues, making it an exciting place to live, work, and explore.  With its mixed-use zoning, 279 Nostrand Ave presents a unique opportunity for investors seeking both commercial and residential properties. Whether you're looking to establish a business in a thriving neighborhood or to diversify your real estate portfolio, this property offers the best of both worlds.  Don't miss out on this exceptional investment opportunity in Bed-Stuy, Brooklyn. Schedule a showing today to experience the potential and versatility that 279 Nostrand Ave has to offer.
Unit Size
-
Days on Market
341 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
1931
Last updated: 5 months ago (OneKey MLS #ONE3480133)

Price History

Date / Event Date Event Price
May 23, 2023 Listed by Moving Keyz Realty $4,900,000
Listed by Moving Keyz Realty

Property Highlights

Exterior Details

Property Information

Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1931

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.05
Lot Size Square Feet: 2000
Lot Size Dimensions: 20x100
Financial Details
Tax Annual Amount: $9,057

Building Info

Overview

    General

  • Year Built: 1931
  • First Altered Year: 2000
  • Building Count: 2
  • Floor Count: 4
  • Total Unit Count: 5
  • Residential Unit Count: 3
  • Basement Type: 5

    Dimensions

  • Lot Area Sqft: 2,000
  • Lot Size Depth Feet: 100
  • Lot Size Frontage Feet: 20
  • Building Depth: 60
  • Building Frontage: 20
  • Gross Building Area: 5,325

    Building Floor Area

  • Residential Building Floor Area: 3,760
  • Commercial Building Floor Area: 1,565
  • Garage Building Floor Area: 525
  • Retail Building Floor Area: 1,040

    Floor Area Ratio

  • Built Floor Area Ratio: 3
  • Residential Floor Area Ratio: 3
  • Facilities Floor Area Ratio: 3

Building

  • Building Type: S9
  • Lot Type: 3
  • Land Use: 04
  • Irregular Lot Code: N
  • Extension Code: N

Neighborhood

  • Community District: 303
  • City Council District: 36
  • Police Precinct: 79
  • Fire Company: L102
  • Health Area: 2000
  • Sanitation District Borough: 3
  • Sanitation Subsection: 2A
  • School District: 13

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R6A
  • Zoning Commercial Overlay 1: C2-4

Geography

  • Borough Name: BK
  • Borough Code: 3
  • Block: 1789
  • Lot: 1
  • Borough Block Lot: 3017890001

    Address

  • Full Address: 279 Nostrand Avenue
  • Zip Code: 11216

Valuation

    Assessments Valuation

  • Assessed Total Value: $198,360
  • Assessed Land Value: $19,800

    Exemptions

  • Exempt Total Value: $0
  • Exempt Land Value: $0

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
-
-
$5,250,000 Nov 21, 2014
$5,250,000 Jul 30, 2018
-
Townhouse
Stu
5 Baths
-
$4,880,000 Oct 20, 2017
$4,880,000 Apr 26, 2018
-
Townhouse
7 Beds
5 Baths
3,838 ft²
$1,303/ft²
$4,999,999 Aug 1, 2022
$4,999,999 Oct 6, 2022
-
Condo
1 Bed
1 Bath
-
$4,500,000 May 2, 2014
$4,500,000 Jan 16, 2015
$2,481/mo
House
4 Beds
6 Baths
-
$4,185,000 Sep 27, 2019
$4,185,000 Aug 18, 2020
-
Townhouse
4 Beds
5 Baths
4,500 ft²
$922/ft²
$4,150,000 Sep 8, 2022
$4,150,000 Mar 24, 2023
-
Multifamily
7 Beds
8 Baths
-
$4,395,000 May 10, 2023
-
-
House
4 Beds
3 Baths
-
$4,350,000 May 23, 2023
-
-
Multifamily
8 Beds
8 Baths
4,400 ft²
$932/ft²
$4,100,000 Dec 13, 2022
-
-
Multifamily
5 Beds
3 Baths
3,100 ft²
$1,321/ft²
$4,095,000 Apr 11, 2023
-
-
House
6 Beds
5 Baths
-
$3,995,000 May 10, 2023
-
-
Multifamily
5 Beds
3 Baths
3,500 ft²
$1,129/ft²
$3,950,000 Oct 28, 2022
-
-

About Northern Brooklyn


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Frequently Asked Questions

When was property at 279 Nostrand Avenue built and last sold?
The property at 279 Nostrand Avenue was built in 1931 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 279 Nostrand Avenue is $4,949,000.
What are some comparable homes to 279 Nostrand Avenue?
Homes that are comparable to 279 Nostrand Avenue include a multifamily property at 132 Clifton Place, a house property at 367 Greene Avenue, 242 Gates Avenue.

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