The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,588,000
2988 Nostrand Ave
Brooklyn, NY, 11229
View more Brooklyn, NY property pages10Beds
5Baths
5,100Sqft
$311$/sqft
Listing Notes
We are proud to offer a solid brick mixed-use building in a prime Brooklyn location this free-market income producing giant is an incredible opportunity for any investor or end user. 1 store and 5 residential units' possible full possession.
Market Insights
Below nearby median-43%
$311/sqft vs a nearby median of $549/sqft.
Nearby median$549/sqft
Nearby properties12
Property size5,100 sqft
- -43% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 5,100 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$2.38M$2.17M – $2.59M · 50% confidence
vs ask $1.59M−$791k (−49.8%)
Asking price is about 49.8% below the fair value — likely to draw competing offers if it's still on market.
$516/sqft median across 10 tight comps × 5,100 sqft= $2.63M
- Open Class C HPD violations−$158k −6.0%
- Days-on-market gravity−$79k −3.0%
- Pre-war character+$66k +2.5%
- Transit access−$39k −1.5%
- Sparse street life−$39k −1.5%
Cumulative NYC adjustments−$250k−9.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
Diligence Read2 items to check
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 356 days
- Last price change
- No change recorded
- Listed
- May 21, 2025
- Photos
- 3 photos
- Property type
- multi family
- Status
- for sale
Features & Amenities
Hardwood FloorsBasementTwo Or More Stories
Building Facts
- Year built
- 1925
- Stories
- 3
- Total units
- 6
- Residential units
- 5
- Building area
- 5,100 sqft
- Lot size
- 2,000 sqft
- Land use
- Mixed residential and commercial buildings
- Building class
- S5
From NYC public records where available.
Price History
May 4, 2026Initial record
$1,588,000for sale
Public Records
DOB violations0 open
8 total recorded against the building
HPD violations7 open
7 class C (immediately hazardous)
ACRIS documents17
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)30,594
Top: illegal parking
Top complaint types in ZIP 11229
- Illegal Parking6,087
- Noise - Residential3,247
- Blocked Driveway2,958
- HEAT/HOT WATER2,271
- Abandoned Vehicle1,159
Recent DOB
- Apr 6, 2018V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Feb 24, 2017V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Oct 1, 2015V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
- Mar 3, 2015V*-DOB VIOLATION - DISMISSED · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Jun 10, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Apr 11, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Nov 22, 2023Class I · §27-2107 ADM CODE OWNER FAILED TO FILE A VALID REGISTRATION STATEMENT WITH THE DEPARTMENT AS REQUIRED BY ADM CODE §27-2097 AND IS THEREFORE SUBJECT TO CIVIL PENALTIES, PROHIBITE...
- Mar 24, 2023Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.