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$ 5,800,000
Est. payment /mo
New
32-34 Nostrand AVE Brooklyn, NY 11205
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 942170
Rental Info No
Year Built 1931
Annual Tax Amount $11,892
Property Sub-Type Multi Family
Source onekey2
Property Description
A rare Williamsburg opportunity — two fully attached, all-brick income-producing buildings offered as a single package, featuring a combined 50 ft of frontage in one of Brooklyn's most sought-after neighborhoods. Perfect for investors, developers, or end-users looking for scale and long-term upside.
Set on two 25 × 100 ft lots, each building provides a 25 × 65 ft structure, allowing tremendous flexibility whether you choose to maintain the strong existing cash flow or reposition/redevelop into luxury rentals, condos, or mixed-use.
Currently generating an impressive approx. $345,485 annual rent roll, the properties are fully occupied with stable tenants and additional upside potential. Both buildings feature mostly large 2-bedroom layouts with generous living spaces, plus a street-level retail unit at 34 Nostrand for additional consistent income.
Recent upgrades include electrical and plumbing updated approximately 15 years ago, adding peace of mind to long-term operations.
Property Breakdown:
• 32 Nostrand Ave: 8 occupied units – spacious 2-bedroom layouts
• 34 Nostrand Ave: 7 occupied units + retail store – large 2-bedroom layouts, strong retail component
Operating Expenses:
• Property Taxes: $12,839 (32 Nostrand) + $14,118 (34 Nostrand)
Whether you're seeking a stable income asset, looking to live and invest in Williamsburg, or considering a full redevelopment, this double-lot package delivers scale, location, and endless potential.
Set on two 25 × 100 ft lots, each building provides a 25 × 65 ft structure, allowing tremendous flexibility whether you choose to maintain the strong existing cash flow or reposition/redevelop into luxury rentals, condos, or mixed-use.
Currently generating an impressive approx. $345,485 annual rent roll, the properties are fully occupied with stable tenants and additional upside potential. Both buildings feature mostly large 2-bedroom layouts with generous living spaces, plus a street-level retail unit at 34 Nostrand for additional consistent income.
Recent upgrades include electrical and plumbing updated approximately 15 years ago, adding peace of mind to long-term operations.
Property Breakdown:
• 32 Nostrand Ave: 8 occupied units – spacious 2-bedroom layouts
• 34 Nostrand Ave: 7 occupied units + retail store – large 2-bedroom layouts, strong retail component
Operating Expenses:
• Property Taxes: $12,839 (32 Nostrand) + $14,118 (34 Nostrand)
Whether you're seeking a stable income asset, looking to live and invest in Williamsburg, or considering a full redevelopment, this double-lot package delivers scale, location, and endless potential.
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features On Street
Utilities Available Natural Gas Available
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by eRealty Advisors, Inc • Berach Menczer