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2537 Ocean Ave 10 Unit Apartment Building $6,500,000 ($650,000/Unit) Brooklyn, NY 11229
Investment Highlights
- Vacant New Development for Sale!
Executive Summary
EXECUTIVE SUMMARY
2537 Ocean Avenue presents a compelling mixed-use investment opportunity in Flatbush, Brooklyn, featuring 2 commercial units and 10 free-market residential units with a current FAR of 4.05. The ADA-compliant building offers elevator access, ground?floor glass storefronts with floor-to-ceiling windows, and exceptional street visibility along the busy Ocean Avenue corridor. Commercial units are delivered in a vanilla box with an open floor plan, and HVAC, plumbing, and sprinklers already in place, making this a turnkey, income-generating asset ideal for owner-users and investors alike.
2537 Ocean Avenue presents a compelling mixed-use investment opportunity in Flatbush, Brooklyn, featuring 2 commercial units and 10 free-market residential units with a current FAR of 4.05. The ADA-compliant building offers elevator access, ground?floor glass storefronts with floor-to-ceiling windows, and exceptional street visibility along the busy Ocean Avenue corridor. Commercial units are delivered in a vanilla box with an open floor plan, and HVAC, plumbing, and sprinklers already in place, making this a turnkey, income-generating asset ideal for owner-users and investors alike.
Property Facts
| Price | $6,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $650,000 | Building Class | B |
| Sale Type | Investment | 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 |
| Property Subtype | Apartment | ||
| Zoning | R7A, C1-3 - Medium-density apartment house district with lower parking requirements, commercial overlay. | ||
| Price | $6,500,000 |
| Price Per Unit | $650,000 |
| Sale Type | Investment |
| 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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