$1,500,000
Updated a year ago
Off Market

726 Nostrand Ave

Crown Heights, Brooklyn | Prospect Place & Park Place

16 Rooms8 Beds4.5 Baths6,688 Square FeetIncome Property

$1,500,000
floors / apts4 / 6
Lot Size21'8"x140'
Built Size21'9"x117'5"
ZoneR7
Building TypeLow-Rise
RE Taxes$25,331
Price Per SF
$224

Building Amenities

  • Voice Intercom

Property Description for 726 Nostrand Ave

This spacious mixed-use building located in the heart of North Crown Heights, Brooklyn. Built in 1931, the structure stands four stories tall, with three floors of residential apartments above a commercial space. The term "oversized" is fitting; the lot measures 3,045 sq ft (21.75' by 140'), while the building itself spans 6,699 sq ft. Additionally, the R7 zoning allows for another 2,436 sq ft to be developed on the lot. The residential section of the building is rent-stabilized, but the value of a mixed-use property is often determined by the quality of its commercial space, and impressive retail area. The commercial space measures 21 feet in width and 117 feet in depth. Remarkably, despite its expansive size, the first floor has no interior supporting walls, and all partitions are movable. This creates a 2,457 sq ft open floor plan, a rare and highly attractive feature for any business. The rear of the building includes a one-story extension, and there is still a sizable outdoor lot area measuring 23'x21'. While many retail markets have struggled due to the rise of online shopping, there are two types of businesses that can't be replaced by the internet: restaurants and hair salons. You can't dine at home, and you can't cut hair over a computer. The commercial space has been home to a hair salon for 29 years. Its vast size, lack of supporting columns, and single-story extension make it an ideal candidate for conversion into a restaurant or bar.

Listing History for 726 Nostrand Ave

Now
07/04/2025
POM by Kevin Lam
Momentum Real Estate
02/28/2025
$1,500,000
Initial Price by Kevin Lam
Momentum Real Estate

Building Details for 726 Nostrand Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Nostrand Av
0.28 miles
Park Pl
0.37 miles
President St-Medgar Evers College
0.41 miles
Franklin Av-Medgar Evers College
0.45 miles
Nostrand Av
0.45 miles

Railroad

Nostrand AvenueLong Island Rail Road
0.34 miles

Citi Bike

Prospect Pl & Nostrand Ave
0.03 miles
Sterling Pl & New York Ave
0.19 miles

Contact Agents

Contact Agents

Kevin Lam
Momentum Real Estate
Ronald Chui
Momentum Real Estate

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: 99435TH