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$850,000
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Property Description
This well-located 3-unit building offers strong income with built-in upside. The first floor is leased to a long-standing ophthalmologist practice with eyewear sales, generating $2,700/month. The third floor is a two-bedroom, one-bath apartment currently rented for $1,400/month. The second floor, also a two-bedroom, one-bath, will be delivered vacant perfect for owner-occupancy or new rental income. This property sits on a busy stretch of Nostrand Avenue, offering excellent visibility and consistent traffic. With tenants already in place and one unit available, it's a rare opportunity for both investors and buyers looking to live upstairs while collecting rent. Even better, the property qualifies for an FHA 203K Rehabilitation Loan, allowing owner-occupants to finance both purchase and renovations in one package. This is a turnkey investment with future growth potential. Selling with tenants in place.
Full Property Details
Full Property Details for 2029 Nostrand Ave
General
- Price: $850,000
- Taxes: $6,843
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 916783
- Updated: 10/31/2025
- Added to Site: 151 day(s) ago
Business
- Business Type: Medical
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Hot Water, Natural Gas, Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: None
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 3300
- Square Feet: 3,300
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.0459
- Lot Size (Sq. Ft.): 2,000
Financial Considerations
- Tax Amount: $6,843
Disclosures and Reports
- Special Conditions: None
- Property ID: 05005-0039
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Schools
Schools serving 2029 Nostrand Ave
School District:New York City Geographic School District 22
| Name | Grades | Distance |
|---|---|---|
Ps 361 East Flatbush Early Childhood School 1957 Nostrand Avenue, Brooklyn, NY 11210 | K-2 | 0.1 mi |
Jhs 278 Marine Park 1925 Stuart Street, Brooklyn, NY 11229 | 6-8 | 2.1 mi |
Jhs 234 Arthur W Cunningham 1875 East 17th Street, Brooklyn, NY 11229 | 6-8 | 2.2 mi |
Jhs 14 Shell Bank 2424 Batchelder Street, Brooklyn, NY 11235 | 6-8 | 3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2029 Nostrand Ave
Date
Details
Price
Change
Source
10/31/2025
Price Reduced
$850,000
-22.73%
MLS
10/03/2025
Price Reduced
$1,100,000
-15.38%
MLS
9/24/2025
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 2029 Nostrand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,047
3%
$35,084
-18%
2024
$6,843
6%
$42,600
-18%
2023
$6,456
—
$52,260
1%
2022
$6,457
-50%
$51,840
11%
2021
$13,044
111%
$46,860
-17%
2020
$6,189
3%
$56,460
-5%
2019
$6,009
7%
$59,460
122%
2018
$5,603
4%
$26,784
1%
2017
$5,401
5%
$26,496
3%
2016
$5,163
8%
$25,825
6%
2015
$4,764
11%
$24,364
3%
2014
$4,280
6%
$23,659
6%
2013
$4,020
—
$22,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2029 Nostrand Ave
2029 Nostrand Avenue, Brooklyn, NY 11210 (MLS# 916783) is a Commercial property. 2029 Nostrand Avenue is currently listed for $850,000 and was received on September 24, 2025. Want to learn more about 2029 Nostrand Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

