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$5,800,000
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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 25x100 ft lots, each building provides a 25x65 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.
Full Property Details
Full Property Details for 3234 Nostrand Ave
General
- Price: $5,800,000
- Taxes: $11,892
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 942170
- Updated: 12/24/2025
- Added to Site: 42 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Building Size: 6500
- Square Feet: 6,500
- Year Built: 1931
Financial Considerations
- Tax Amount: $11,892.16
Disclosures and Reports
- Special Conditions: None
- Property ID: 01718-0043
Listed by eRealty Advisors, Inc
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Schools
Schools serving 3234 Nostrand Ave
School District:New York City Geographic School District 22
| Name | Grades | Distance |
|---|---|---|
Ps 222 Katherine R Snyder 3301 Quentin Road, Brooklyn, NY 11234 | K-5 | 0.6 mi |
Jhs 234 Arthur W Cunningham 1875 East 17th Street, Brooklyn, NY 11229 | 6-8 | 0.6 mi |
James Madison High School 3787 Bedford Avenue, Brooklyn, NY 11229 | 9-12 | 0.4 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 3234 Nostrand Ave
Date
Details
Price
Change
Source
12/09/2025
Listed
$5,800,000
544.44%
MLS
7/10/2007
Sold
$900,000
—
Public Record
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 3234 Nostrand Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,839
8%
$102,714
-75%
2024
$11,892
8%
$413,100
20%
2023
$11,014
10%
$344,250
2%
2022
$10,006
—
$338,400
12%
2021
$10,006
2%
$301,500
59%
2020
$9,855
8%
$189,900
7%
2019
$9,127
7%
$177,120
161%
2018
$8,546
7%
$67,765
8%
2017
$7,981
-1%
$62,747
—
2016
$8,089
3%
$62,747
3%
2015
$7,830
14%
$60,778
8%
2014
$6,852
6%
$56,286
8%
2013
$6,484
—
$52,127
—
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 3234 Nostrand Ave
32-34 Nostrand Avenue, Brooklyn, NY 11205 (MLS# 942170) is a Commercial property. 32-34 Nostrand Avenue is currently listed for $5,800,000 and was received on December 09, 2025. Want to learn more about 32-34 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.

