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2537 Ocean Ave 10 Unit Apartment Building $7,600,000 ($760,000/Unit) 6.10% Cap Rate Brooklyn, NY 11229
Investment Highlights
- Vacant New Development for Sale!
Executive Summary
Total Commercial Units 2
Total Residential Units 10 - 7 Free Market & 3 Affordable Housing
FAR 4.05 With Current Cap Rate 6.1%
ADA Compliant Building With Elevator Access
Ground Floor Access With Glass Storefront And Floor-To-Ceiling Windows
Lot Dimensions 25.33 X 110
Vanilla Box Delivery With Open Floor Plan
HVAC System, Plumbing In Place, And Sprinklers In Place
Grand Signage Opportunity With Excellent Street Frontage And Visibility
High Pedestrian And Vehicle Traffic Area
Dense Residential Population Nearby With Strong Foot Traffic
Close Proximity To Public Transit, Subway, And Major Bus Lines
Heavy Traffic Corridor Surrounded By Strong Urban Activity
Total Residential Units 10 - 7 Free Market & 3 Affordable Housing
FAR 4.05 With Current Cap Rate 6.1%
ADA Compliant Building With Elevator Access
Ground Floor Access With Glass Storefront And Floor-To-Ceiling Windows
Lot Dimensions 25.33 X 110
Vanilla Box Delivery With Open Floor Plan
HVAC System, Plumbing In Place, And Sprinklers In Place
Grand Signage Opportunity With Excellent Street Frontage And Visibility
High Pedestrian And Vehicle Traffic Area
Dense Residential Population Nearby With Strong Foot Traffic
Close Proximity To Public Transit, Subway, And Major Bus Lines
Heavy Traffic Corridor Surrounded By Strong Urban Activity
Property Facts
| Price | $7,600,000 | Property Subtype | Apartment |
| Price Per Unit | $760,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.10% | Lot Size | 0.07 AC |
| Sale Condition | High Vacancy Property | Building Size | 11,293 SF |
| No. Units | 10 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2021 |
| Zoning | R7A, C1-3 - Medium-density apartment house district with lower parking requirements, commercial overlay. | ||
| Price | $7,600,000 |
| Price Per Unit | $760,000 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Sale Condition | High Vacancy Property |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.07 AC |
| Building Size | 11,293 SF |
| No. Stories | 6 |
| Year Built | 2021 |
| Zoning | R7A, C1-3 - Medium-density apartment house district with lower parking requirements, commercial overlay. |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07325-0052 | Improvements Assessment | $723,600 |
| Land Assessment | $112,500 | Total Assessment | $836,100 |
Property Taxes
Parcel Number
07325-0052
Land Assessment
$112,500
Improvements Assessment
$723,600
Total Assessment
$836,100
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2537 Ocean Ave
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