Asset CRG Advisors has been exclusively retained to market 1187 Ocean Ave, Brooklyn, NY 11230-2001, a development opportunity in the Midwood neighborhood of Brooklyn. The property consists of a 4,675 SF lot, zoned R7A, with 18,700 buildable square feet. The site can be delivered with approved plans for a 25-unit, 60-story elevator multi-family building + community facility, featuring 17,956 SF of residential space and 4,566 SF of community facility space. The property is eligible for the 485x tax abatement and will be delivered vacant, offering a ready-to-develop opportunity. Comparable condo sales in the area are approximately $1,000 per square foot. Located near the B & Q subway lines at the Newkirk Plaza Train Station, the property provides excellent connectivity throughout Brooklyn and beyond.