For Sale312d on marketHistoric · 127 yrs
1505 Nostrand Ave
Brooklyn, NY, 11226 • Flatbush • Kings County
$1,200,000
Down payment assistance available
5Beds
3Baths
1899Built
Property DNA
Character Home
Built 1899 · 127 years of history
Flatbush
Flatbush
This home is getting attention
Listed 312 days ago · 331 views · 6 saves
Market activity
Demand and pricing signals for this listing
331 views
People checking out this listing
6 saves
Buyers have saved this home
312 days on market
Established listing
About this home
Multi Family · Built 1899 · Historic
Investor’s Dream in Prime Brooklyn Location. Welcome to this fully occupied, high-income producing 2-family home located in the heart of a desirable Brooklyn neighborhood. This solid brick property features a 3-bedroom over 2-bedroom layout, plus a finished basement with a separate entrance—perfect for maximizing rental potential. With low expenses and excellent cash flow, this is an ideal opportunity for investors seeking immediate returns. Each unit offers spacious living, functional layouts, and long-term tenants in place. A small private backyard adds a touch of outdoor space, great for relaxation or tenant enjoyment. Conveniently situated near transportation, shopping, and dining, this property won't last long! Property Highlights: 2-Family Home Finished Basement with Separate Entrance 3 Bedroom / 1 Bath Over 2 Bedroom / 1 Bath Fully Occupied – Turnkey Investment Small Private Backyard Low Maintenance / High Returns Prime Location – Close to Subways, Shops & More Don’t miss your chance to own a cash-flowing gem in a high-demand area.
Estimated monthly payment
Based on current rates
$7,410/month
Principal & Interest$5,810
Property Tax$1,200
Insurance$400
Down payment20% ($240,000)
3%50%
Est. 6.09% rate · 30yr fixed · $960,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1899
ParkingNo Data
Days on Zillow312 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1899
Location & Tax
NeighborhoodFlatbush
Annual tax$6,096
Parcel048840047
Bathrooms & Fees
Full baths3
Listing insights
Market data and value estimates
StatusFor Sale
Days on market312
Est. value$1,139,300
Est. rent$3,567/mo
Tax rate0.72%
On marketJun 7, 2025
PostedJun 7, 2025
Last sold$755,000
MLS statusActive
MLS updatedMar 23, 2026
Tour days9
Views331
Favorites6
How are the schools in Brooklyn?
3 schools rated nearby
Location
Brooklyn, NY, 11226
Price history
6 events
DateEventPrice$/sqftSource
Jun 7, 2025Listed For Sale$1,200,000—BNYMLS
Apr 7, 2017Sold$755,000—OneKey® MLS as distributed by MLS GRID
Dec 27, 2016Listing Removed$759,800—Ann Gorg Realty Corp
Nov 13, 2016Price Change$759,800—Ann Gorg Realty Corp
Sep 23, 2016Price Change$789,800—Ann Gorg Realty Corp
Aug 21, 2016Listed For Sale$869,000—Ann Gorg Realty Corp
Listed For Sale$1,200,000
Jun 7, 2025•BNYMLS
Sold$755,000
Apr 7, 2017•OneKey® MLS as distributed by MLS GRID
Listing Removed$759,800
Dec 27, 2016•Ann Gorg Realty Corp
Price Change$759,800
Nov 13, 2016•Ann Gorg Realty Corp
Price Change$789,800
Sep 23, 2016•Ann Gorg Realty Corp
Listed For Sale$869,000
Aug 21, 2016•Ann Gorg Realty Corp
Tax history
24 years of records
YearTax paidAssessed value
Apr 15, 2024$6,093$53,940
Apr 15, 2023—$56,160
Apr 15, 2022—$51,000
Apr 15, 2021—$39,360
Apr 15, 2020$5,583$45,360
Apr 15, 2019$5,351$36,060
Apr 15, 2018$5,066$24,218
Apr 15, 2017$4,937$24,218
Apr 15, 2016$4,252$23,296
Apr 15, 2015$4,252$21,979
Apr 15, 2014$2,536$21,067
Apr 15, 2013—$20,182
Apr 15, 2012—$20,182
Apr 15, 2011—$19,414
Apr 15, 2010—$18,316
Apr 15, 2009—$17,556
Apr 15, 2008—$16,819
Apr 15, 2007—$16,819
Apr 15, 2006—$16,179
Apr 15, 2005—$15,264
Apr 15, 2003—$12,940
Apr 15, 2002—$12,441
Apr 15, 2001—$12,078
Apr 15, 2000—$11,803
Nearby homes
Neighborhood details
Local context around this listing
Brooklyn, NY • Kings County
Nearby neighborhoods
AstoriaBedford-StuyvesantCrown HeightsEast New YorkFlushingHarlemUpper East SideUpper West SideWashington HeightsWilliamsburg
Nearby cities
New York
Nearby zip codes
10025104671120711208112141122611236113681137311385
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