Mixed-Use Land for Sale in Brooklyn, New York

1580 Nostrand Ave, Brooklyn, NY 11226

$60,000,000

2 acres

Active

2 days ago

Est $491,521/mo

Avison Young is pleased to present a two-asset offering in Flatbush, Brooklyn distinguished by vested 421-a Affordable New York benefits on both components of the transaction--a condition that is increasingly scarce and no longer replicable under current regulatory frameworks. The offering combines a newly constructed, fully vacant multifamily elevator building with an adjacent, shovel-ready development site, providing both immediate income generation and a defined path to future development within a single capital structure.

The portfolio is anchored at the intersection of Albemarle Road, East 29th Street, and Nostrand Avenue, a transit-oriented residential corridor with direct access to multiple subway lines and established rental demand.

421-a Affordable New York vesting in progress
Nearly vacant delivery
Exempt from Good Cause Eviction through 2055
94-unit elevator building
Parking requirement associated with Fair-Market units
Transit-oriented location

Location

Street address: 1580 Nostrand Ave
County: Kings County
Elevation: 44 feet
Coordinates: 40.6476, -73.9496

Land for sale in New York

Property details

Acreage: 1.977 acres
Source: SharpLaunch
Posted: Feb 17, 20262 days ago

Listing history

Date	Event	Price	Change	Source
Feb 17, 2026	New listing	$60,000,000	—	SharpLaunch

Payment calculator

This 1.977-acre property is located at 1580 Nostrand Ave in Brooklyn, NY 11226. The property is available for sale for $60,000,000 with a price per acre of $30,349,014.

Checked 2 hours ago — Updated Feb 17, 2026

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Listing data provided by SharpLaunch. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.