Log In/Sign Up
1187 Ocean Ave
Brooklyn, NY 11230
Multifamily Property For Sale
·
1 Unit
Investment Highlights
- Development opportunity with a lot size of 4,675 SF, located on Ocean Avenue in Midwood, Brooklyn.
- Approved plans can be delivered, featuring 17,956 SF of residential buildable space and 4,566 SF of community facility space.
- Comparable condo sales in the area average $1,000 per square foot, highlighting strong market demand.
- Zoned R7A, offering 18,700 buildable square feet, with proposed plans for a 25-unit, 60-story elevator multi-family building + community facility.
- The property is eligible for the 485x tax abatement, offering significant financial incentives for developers.
- Conveniently located near the B & Q subway lines at the Newkirk Plaza Train Station, ensuring easy access to Manhattan and other parts of Brooklyn.
Property Facts
| No. Units | 1 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 2,606 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1910 |
| Building Class | C | ||
| Zoning | R7A - R7A typically produce high lot coverage, 7 & 8 story apartment buildings, blending with existing buildings in many established neigh | ||
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,606 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R7A - R7A typically produce high lot coverage, 7 & 8 story apartment buildings, blending with existing buildings in many established neigh |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Porch
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walking/Biking Trails
- Walk-Up
Property Taxes
| Parcel Number | 05241-0015 | Improvements Assessment | $68,040 |
| Land Assessment | $40,980 | Total Assessment | $109,020 |
Property Taxes
Parcel Number
05241-0015
Land Assessment
$40,980
Improvements Assessment
$68,040
Total Assessment
$109,020
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
