1187 Ocean Ave - Apartments FOR SALE
Brooklyn, NY 11230 |
1187 Ocean Ave
Brooklyn, NY 11230
HIGHLIGHTS
- Development opportunity with a lot size of 4,675 SF, located on Ocean Avenue in Midwood, Brooklyn.
- Zoned R7A, offering 18,700 buildable square feet, with proposed plans for a 25-unit, 60-story elevator multi-family building + community facility.
- Approved plans can be delivered, featuring 17,956 SF of residential buildable space and 4,566 SF of community facility space.
- The property is eligible for the 485x tax abatement, offering significant financial incentives for developers.
- Comparable condo sales in the area average $1,000 per square foot, highlighting strong market demand.
- Conveniently located near the B & Q subway lines at the Newkirk Plaza Train Station, ensuring easy access to Manhattan and other parts of Brooklyn.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
2606
STORIES
3
YEAR BUILT
1910
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
05241-0015
