1187 Ocean Ave - Apartments FOR SALE


Brooklyn, NY 11230
$3,600,000 USD
646-363-6175
1187 Ocean Ave, Brooklyn, NY for Sale
$3,600,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

1187 Ocean Ave
Brooklyn, NY 11230


HIGHLIGHTS

  • Development Opportunity on Ocean Avenue in Midwood, Brooklyn.
  • Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
  • Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
  • Property will be delivered vacant.
  • Property is in proximity of the B & Q subway lines at the Newkirk Plaza Train Station.

OVERVIEW

1187 Ocean Avenue presents a development opportunity in Brooklyn's thriving Midwood neighborhood. The property can be delivered with approved plans for a 25-unit, 6-story elevator-serviced multi-family building, including 17,956 square feet of residential space and an additional 4,566 square feet designated for a community facility. Located near the B and Q subway lines at Newkirk Plaza, the site offers excellent transit access, making it appealing to potential residents. 1187 Ocean Avenue is situated in the Midwood neighborhood of Brooklyn, NY, within Kings County. It is positioned near major thoroughfares, with easy access to Ocean Parkway and Coney Island Avenue, and is well-served by public transportation, including the Q subway line at Avenue H and nearby bus routes. The property is in proximity to local amenities, including shopping, dining, and parks, making it a centrally located address within Brooklyn.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$1,381 USD /SF

# OF UNITS

1

PRICE/UNIT

$3,600,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,675 SF

ZONING

R7A

APN/PARCEL ID

05241-0015

ASK ABOUT THIS PROPERTY

Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

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Sadya LiberowAsset CRG Advisors LLCMore Info
646-363-6175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.