1191 Ocean Ave - Apartments FOR SALE


Brooklyn, NY 11230- Flatbush-Ditmas Park
$9,199,000 USD
917-939-3760
1191 Ocean Ave, Brooklyn, NY for Sale
$9,199,000 USD
Apartments - FOR SALE
1/17
null | 6.35% Cap Rate

1191 Ocean Ave
Brooklyn, NY 11230
Flatbush-Ditmas Park


HIGHLIGHTS

  • 42' Frontage | Elevator Building | Built in 2017
  • 8 Stories Building | 22 Units
  • 9 2BR | 11 1BR | 1 Studio | 1 2BD Duplex
  • Tax Abatement Expires June 2033
  • Private Rear Courtyard
  • Close to Public Transportation

OVERVIEW

Presenting a rare opportunity to acquire a modern 22-unit residential building located at 1191 Ocean Ave in the heart of Brooklyn’s vibrant Midwood neighborhood. Built in 2017, this impressive eight-story elevator building offers 42 feet of frontage and features a well-balanced unit mix consisting of nine two-bedroom apartments, eleven one-bedroom apartments, one studio, and a spacious two-bedroom duplex. The property benefits from a tax abatement in place through June 2033, providing investors with significant long-term value and predictable operating expenses. Designed for both comfort and convenience, the building includes a private rear courtyard that offers residents a quiet outdoor retreat. Its prime Ocean Avenue location places it within close proximity to public transportation, making commuting throughout Brooklyn and into Manhattan both easy and efficient. With its modern construction, attractive unit distribution, and strong location in a desirable residential corridor, this property represents an exceptional investment opportunity in one of Brooklyn’s established neighborhoods.

FOR SALE DETAILS

PRICE

$9,199,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

25

PRICE/UNIT

$367,960

CAP RATE

6.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,674 SF

ZONING

R7A

APN/PARCEL ID

05241-0013

ASK ABOUT THIS PROPERTY

Arsen AtbashyanCommercial Acquisitions IncMore Info
917-939-3760

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Arsen AtbashyanCommercial Acquisitions IncMore Info
917-939-3760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.