This Multifamily Property is no longer advertised on LoopNet.com.

423 Ocean Pky
Brooklyn, NY 11218
Multifamily Property For Sale · 16 Units

Investment Highlights

  • Boutique elevator mixed-use asset spanning 24,252 square feet at the convergence of Midwood and Flatbush in Brooklyn
  • 4,000 SF of the community facility space is leased by a religious center until 2031 offering secure and durable cash flow
  • There is significant and consistent leasing velocity for the residential portion
  • Proximate to the historic Prospect Park and within walking distance of several mass transportation options

Property Facts

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.13 AC
Building Size 29,934 SF
No. Stories 8
Year Built/Renovated 2004/2008
Zoning R7A

Amenities

Unit Amenities

  • Air Conditioning
  • Wheelchair Accessible (Rooms)

Site Amenities

  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 4 - 714
3+2 12 - -

Property Taxes

Property Taxes

Parcel Number
05290-0003
Land Assessment
$94,050
Improvements Assessment
$283,500
Total Assessment
$377,550
  • Listing ID: 24338899

  • Date on Market: 10/21/2021

  • Last Updated:

  • Address: 423 Ocean Pky, Brooklyn, NY 11218

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