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32-34 Nostrand Avenue, Brooklyn, NY 11205

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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 componentOperating 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.

32-34 Nostrand Avenue | MLS# 942170

This commercial property located at 32-34 Nostrand Avenue, Brooklyn, NY 11205 is currently listed for sale with an asking price of $5,800,000. Search Brooklyn real estate on hillary-philpott.timberlandproperties.com today.

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Property Features

Property Type: Commercial -
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Taxes: $11,892
Year Built: 1931

Feature Descriptions

Building Area Total: 6500
Days on Site: 84
Exterior: Brick
On Market Date: 2025-12-09
Parcel Number: 01718-0043
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 16
Utilities: Natural Gas Available
Water: Public

Demographics

Listed By / Shown By

Listing By

Agency Name: eRealty Advisors, Inc
Agency Contact: 914-712-6330

Shown By

Agent Name: Hillary Giuda-Philpott
Agent Phone: (607) 435-4238
Agency Title: Timberland Properties

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