$8,150,000
( $264.61Per Sq Foot )
 $43,751 est/mo Sourced by Back At You

2145 Ocean Avenue,Brooklyn, NY 11229

Brooklyn, NY 11229

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Description

Calling All Investors, Developers, & End-Users!!! 6.05 Cap 100% Occupied 40 Unit Apartment Building On A Huge 11,000 Sqft. Lot In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R7A Zoning, High 9' Ceilings, 2 Skylights, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Madison Just Off Kings Hwy. Near Kings Plaza & Minutes From The Belt Pkwy.!!! Neighbors Include T-Mobile, Target, ShopRite, CubeSmart Self Storage, Extra Space Storage, Staples, Petco, T.J. Maxx, CVS, Dunkin', Walgreens, Burlington, Michaels, CityMD, Meineke Car Care Center, Raising Cane's, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt A1: $15,270.72 Ann.; Lease Exp.: 11/30/27. Apt. A2: $14,159.76 Ann.; Lease Exp.: 10/14/26. Apt. A3: $18,852.72 Ann.; Lease Exp.: 8/31/27. Apt. A4: $21,600 Ann. Super. Apt. A5: $16,561.08 Ann.; Lease Exp.: 9/30/27. Apt. A6: $15,529.56 Ann.; Lease Exp.: 5/31/28. Apt. A7: $16,469.28 Ann.; Lease Exp.: 5/31/27. Apt. A8: $17,205.96 Ann.; Lease Exp.: 12/31/27. Apt. A9: $16,978.80 Ann.; Lease Exp.: 5/31/28. Apt. A10: $16,15896 Ann.; Lease Exp.: 4/30/27. Apt. B1: $25,200 Ann.; Lease Exp.: 3/31/27. Apt. B2: $15,115.44 Ann.; Lease Exp.: 8/31/27. Apt. B3: $15,154.92 Ann.; Lease Exp.: 6/30/27. Apt. B4: $224,407.28 Ann.; Lease Exp.: 8/31/28. Apt. B5: $16,860.84 Ann.; Lease Exp.: 7/31/27. Apt. B6: $19,988.88 Ann.; Lease Exp.: 4/30/27. Apt. B7: $15,993.72 Ann.; Lease Exp.: 5/31/27. Apt. B8: $17,700 Ann.; Lease Exp.: 2/28/27. Apt. B9: $12,975.48 Ann.; Lease Exp.: 3/31/27. Apt. B10: $18,171.48 Ann.; Lease Exp.: 11/30/26. Apt. C1: $24,291.96 Ann.; Lease Exp.: 5/31/28. Apt. C2: $16,456.68 Ann.; Lease Exp.: 12/31/26. Apt. C3: $17,556 Ann.; Lease Exp.: 12/31/27. Apt. C4: $12,715.08 Ann.; Lease Exp.: 3/31/27. Apt. C5: $18,776,04 Ann.; Lease Exp.: 11/30/27. Apt. C6: $19,192.08 Ann.; Lease Exp.: 11/30/26. Apt. C7: $19,200 Ann.; Lease Exp.: 4/30/28. Apt. C8: $16,176.60 Ann.; Lease Exp.: 5/31/28. Apt. C9: $19,662.48 Ann.; Lease Exp.: 5/31/28. Apt. C10: $17,987.40 Ann.; Lease Exp.: 1/31/28. Apt. D1: $22,354.08 Ann.; Lease Exp.: 3/31/27. Apt. D2: $18,627.12 Ann.; Lease Exp.: 7/31/26. Apt. D3: $18,112.68 Ann.; Lease Exp.: 12/31/26. Apt. D4: $23,038.92 Ann.; Lease Exp.: 8/31/26. Apt. D5: $17,734.68 Ann.; Lease Exp.: 8/31/26. Apt. D6: $18,355.20 Ann.; Lease Exp.: 5/31/28. Apt. D7: $16,810.44 Ann.; Lease Exp.: 12/31/26. Apt. D8: $17,642.16 Ann.; Lease Exp.: 2/28/28. Apt. D9: $16,823.64 Ann.; Lease Exp.: 5/31/28. Apt. D10: $16,686 Ann.; Lease Exp.: 2/28/27. Gross Income: $718,554.12 Ann. Expenses: Fuel: $43,031.92 Ann. Electric: $2,861.80 Ann. Water & Sewer: $33,764.48 Ann. Insurance: $17,954.11 Ann. Maintenance & Repairs: $19,964.95 Ann. Taxes: $107,930.10 Ann. Total Expenses: $225,507.36 Ann. Net Operating Income (NOI): $493,046.76 Ann. (6.05% Cap!!!)

Details

MLS #1024367
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1925
Days On Site51
Listing Provided ByAll Island Estates Realty Corp | Richard Matt Shane

Features

SQ Feet30,800
Units40
ZoningR7A
Acreage0.25

Interior

CoolingNone
HeatingOil

Exterior

Construction MaterialsBrick, Frame

Parking

Parking FeaturesOn Street

Utilities

UtilitiesElectricity Connected, See Remarks
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value1089450
Tax Annual Amount136669

Area Information

StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11229
Listing VS Median (in 11229)
Price:
$8,150,000
low | high
Med:
$549,500
100% of Average
sqft:
30,800
low | high
Med:
970
100% of Average
$ / sqft:
$265
low | high
Med:
$693
100% of Average
On site:
51
low | high
Med:
107.5
47.441860465116% of Average
Sourced by Back At You

Market Activity 11229

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Newburgh Office

Newburgh Office

 (845) 565-2800info@johnjleaserealtors.com
StateNY
CountyKings (Brooklyn)
CityBrooklyn
Zip Code11229
Listing VS Median (in 11229)
Price:
$8,150,000
low | high
Med:
$549,500
100% of Average
sqft:
30,800
low | high
Med:
970
100% of Average
$ / sqft:
$265
low | high
Med:
$693
100% of Average
On site:
51
low | high
Med:
107.5
47.441860465116% of Average
Sourced by Back At You
Listing Updated: September 2, 2026 at 12:05:05 PM PDT
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