1187 Ocean Ave
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1187 Ocean Ave
Apartment Building $3,600,000 Brooklyn, NY 11230
Investment Highlights
- Development Opportunity on Ocean Avenue in Midwood, Brooklyn.
- Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
- Property is in proximity of the B & Q subway lines at the Newkirk Plaza Train Station.
- Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
- Property will be delivered vacant.
Executive Summary
1187 Ocean Avenue presents a development opportunity in Brooklyn's thriving Midwood neighborhood. The property can be delivered with approved plans for a 25-unit, 6-story elevator-serviced multi-family building, including 17,956 square feet of residential space and an additional 4,566 square feet designated for a community facility. Located near the B and Q subway lines at Newkirk Plaza, the site offers excellent transit access, making it appealing to potential residents.
1187 Ocean Avenue is situated in the Midwood neighborhood of Brooklyn, NY, within Kings County. It is positioned near major thoroughfares, with easy access to Ocean Parkway and Coney Island Avenue, and is well-served by public transportation, including the Q subway line at Avenue H and nearby bus routes. The property is in proximity to local amenities, including shopping, dining, and parks, making it a centrally located address within Brooklyn.
1187 Ocean Avenue is situated in the Midwood neighborhood of Brooklyn, NY, within Kings County. It is positioned near major thoroughfares, with easy access to Ocean Parkway and Coney Island Avenue, and is well-served by public transportation, including the Q subway line at Avenue H and nearby bus routes. The property is in proximity to local amenities, including shopping, dining, and parks, making it a centrally located address within Brooklyn.
Property Facts
| Price | $3,600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Sale Conditions | 1031 Exchange | Building Size | 2,066 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1910 |
| Apartment Style | Low Rise |
| Price | $3,600,000 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,066 SF |
| No. Stories | 3 |
| Year Built | 1910 |
Unit Amenities
- Porch
Site Amenities
- Courtyard
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Walk Score ®
Very Walkable (76)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (77)
zoning
| Zoning Code | R7A (R7A typically produce high lot coverage, 7 & 8 story apartment buildings, blending with existing buildings in many established neigh) |
| R7A (R7A typically produce high lot coverage, 7 & 8 story apartment buildings, blending with existing buildings in many established neigh) |
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1187 Ocean Ave
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