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$ 3,900,000
Est. payment /mo
New
265 Ocean AVE Brooklyn, NY 11225
25 Baths
20,240 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 20,240 sqft
Price per Sqft $192
MLS Listing ID 505697
Full Baths 25
Year Built 1931
Annual Tax Amount $105,402
Property Sub-Type Multi-Family
Property Description
Prime Prospect Park Location | 25-Unit Multifamily Investment Opportunity
Presenting an exceptional investment opportunity at 265 Ocean Avenue, a well-maintained, 25-unit multifamily apartment building ideally situated on Ocean Avenue between Lincoln Road and Parkside Avenue, directly across from Prospect Park in one of Brooklyn's most desirable residential corridors.
This four-story property features 50 feet of frontage and a building depth of approximately 119 feet, with a desirable apartment mix consisting of 8 one-bedroom apartments, 14 two-bedroom apartments, and 3 three-bedroom apartments.
The property generates an impressive Annual Gross Operating Income of $491,844 and Net Operating Income (NOI) of $226,542.96, providing investors with an established income-producing asset in a highly sought-after rental market.
Located just minutes from Prospect Park, public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from a prime location that continues to attract strong residential rental demand.
265 Ocean Avenue represents an outstanding opportunity for investors seeking a substantial multifamily asset with consistent income, long-term appreciation potential, and enduring value in one of Brooklyn's most established and desirable neighborhoods.
Presenting an exceptional investment opportunity at 265 Ocean Avenue, a well-maintained, 25-unit multifamily apartment building ideally situated on Ocean Avenue between Lincoln Road and Parkside Avenue, directly across from Prospect Park in one of Brooklyn's most desirable residential corridors.
This four-story property features 50 feet of frontage and a building depth of approximately 119 feet, with a desirable apartment mix consisting of 8 one-bedroom apartments, 14 two-bedroom apartments, and 3 three-bedroom apartments.
The property generates an impressive Annual Gross Operating Income of $491,844 and Net Operating Income (NOI) of $226,542.96, providing investors with an established income-producing asset in a highly sought-after rental market.
Located just minutes from Prospect Park, public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from a prime location that continues to attract strong residential rental demand.
265 Ocean Avenue represents an outstanding opportunity for investors seeking a substantial multifamily asset with consistent income, long-term appreciation potential, and enduring value in one of Brooklyn's most established and desirable neighborhoods.
Location
State NY
County Kings (brooklyn)
Area Flatbush
Zoning R7-1
Rooms
Basement Separate Entrance
Interior
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick
Amenities Available NONE
Roof Type Asphalt/Tar
Handicap Access No
Building
Story 4
Foundation Block
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Ben Bay Rlty Co of Ave U LLC