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1632 Nostrand Avenue, Brooklyn NY 11226
New York>Brooklyn>Flatbush

1632 Nostrand AvenueBrooklyn, NY 11226

Coming Soon

$1,100,000

Smart Buyer Rebate $13,750

PICTURES COMING SOON!
Excellent mixed-use opportunity for an investor looking to expand their portfolio or an end user ready to begin their real estate investment journey. The property features two spacious three-bedroom apartments plus a recently renovated ground-floor commercial space occupied by an established church tenant. The recently renovated basement serves as an extension of the commercial space, offering added flexibility and plenty of additional storage. One residential unit will be delivered vacant, with the possibility of additional vacancy. Based on current market rents, the property offers a potential gross rent roll of more than $115,000 annually. Conveniently located in lively Flatbush near multiple forms of public transportation, shopping and beloved neighborhood dining spots, including Sugar’D and the long-standing Sip N Chat. For additional information, please reach out.

Listed by Carl Franklyn PSC

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Keller Williams Rlty Landmark

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718-475-2700

Last updated September 11, 2026

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Source: OneKey #1035426

Listing Facts

  • TypeMulti-family
  • NeighborhoodFlatbush
  • Taxes$6,410.36/year

Amenities

  • Air Conditioning

Location

Mortgage Calculator

Estimated Closing Costs

Attorney Fees
$4,000
NYC Mansion Tax
$11,000
Title Insurance
$4,950
Bank Attorney
$1,500
Mortgage Recording Tax
$16,940
Other Closing Costs
$4,000
Total
$42,390

Estimated closing costs are based on the list price of $1,100,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 1632 Nostrand Avenue

Exterior

Construction

  • Number Of Units Total: 2
  • Property Attached: Yes
  • Property Condition: Actual
  • Window Features: Skylight(s)
  • Year Built: 1930
  • Construction Materials: Brownstone

Measurements

  • Building Area Total: 3,520
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.04
  • Lot Size Square Feet: 2,000

Financial

Taxes

  • Parcel Number: 05140-0017
  • Tax Annual Amount: $6,410.36
  • Tax Assessed Value: $76,320.00
  • Tax Year: 2025

Interior

Features

  • Interior Features: Other

Rooms

  • Basement: Bilco Door(s), Finished, Full, See Remarks, Walk-Out Access

Parking

Parking

  • Parking Features: On Street

Schools

Elementary School

  • Elementary School: Ps 399 Stanley Eugene Clarke
  • Elementary School District: Brooklyn 17

High School

  • High School: Midwood High School
  • High School District: Brooklyn 22

Middle or Junior School

  • Middle Or Junior School: Ms 246 Walt Whitman
  • Middle Or Junior School District: Brooklyn 17

Utilities

Equipment

  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Natural Gas, See Remarks, Other
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, See Remarks
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1632 Nostrand Avenue.

What schools are nearby to 1632 Nostrand Avenue?

Nearby schools include the Ps 399 Stanley Eugene Clarke Elementary School, Ms 246 Walt Whitman Middle School, and Midwood High School.

What are the annual taxes for 1632 Nostrand Avenue?

Annual taxes for this multi-family home are estimated at $6,410.

How does 1632 Nostrand Avenue compare to other multi-family homes in Flatbush?

This multi-family home is listed 39% below the average price for multi-family homes in Flatbush and has been on the market for 107 less days than the typical home in this area.

1632 Nostrand Avenue is a -bedroom multi-family home for sale in Brooklyn NY 11226. This residence is located in Flatbush. The median listing price for multi-family homes in this area is $795,000. Nearby schools include Ps 399 Stanley Eugene Clarke Elementary School, Ms 246 Walt Whitman Middle School, and Midwood High School. Property amenities include air conditioning. Browse more multi-family home listings in Brooklyn.

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. 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. Information Copyright 2026, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.