$1,150,000
Updated 10 years ago
Sold

702 Nostrand Ave

Crown Heights, Brooklyn | Saint Marks Ave & Prospect Place

2,228 Square FeetMixed Use

$1,150,000
floors / apts2 / 1
Lot Size16'6"x100'
Built Size16'6"x60'
ZoneR6A
Building TypeLow-Rise
RE Taxes$6,245
Price Per SF
$516

Building Amenities

  • Voice Intercom

Property Description for 702 Nostrand Ave

The subject property is a 16.5 foot wide, 2-story mixed-use building located on the west side of Nostrand Avenue between St. Marks Avenue and Prospect Place in Crown Heights, Brooklyn. The property offers additional air rights within mixed-use zoning permitting an additional 2,722 buildable square feet. Public transportation is available within 5 blocks of the property to the 3 Nostrand Avenue Station on Eastern Parkway and 4 ½ blocks to the Long Island Railroad’s Nostrand Avenue Station on Atlantic Avenue, offering access to Downtown Brooklyn and Manhattan within 15-20 minutes. Take advantage of this opportunity to own an investment property in one of Brooklyn’s most rapidly growing neighborhoods.

Listing History for 702 Nostrand Ave

Now
06/29/2016
$1,150,000
Sold and Closed by Michael Amirkhanian
Cushman & Wakefield
04/14/2016
$1,295,000 [-$5,000] [0.4%]
Price Drop by Michael Amirkhanian
Cushman & Wakefield

Building Details for 702 Nostrand Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts2/1
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.34 miles
Park Pl
0.38 miles
Nostrand Av
0.4 miles
President St-Medgar Evers College
0.47 miles
Franklin Av-Medgar Evers College
0.5 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.28 miles

Citi Bike

Prospect Pl & Nostrand Ave
0.03 miles
New York Ave & St Marks Ave
0.17 miles

Contact Agents

Contact Agents

Michael Amirkhanian
Cushman & Wakefield
Stephen Palmese
Cushman & Wakefield

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 58622TH