Renovated Brooklyn Multifamily
1096 Ocean Avenue Brooklyn, NY 11230
For Sale
$2,580,000
MULTI_FAMILY - Brooklyn, NY
Property Size4,000 SF
Lot Size0.13 Acres
Price / SF$645
Days on Market343
Property Features for 1096 Ocean Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 17
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 2, Bathroom 13, Bathroom 14, Bathroom 4, Bathroom 11, Bathroom 8, Bathroom 16, Bathroom 17, Bathroom 7, Bathroom 10, Bathroom 9, Bathroom 15, Bathroom 12
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 61189
Building Details
- Year built
- 1931
- Floors in Building
- 4
- Number of units
- 17
- Flooring type
- Hardwood, Carpet, Ceramic
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
David Feng
(718) 680-2776
Added: Aug 15, 2025
Changed: Jul 11
Last Checked: Jul 23 at 10:06PM
MLS# 495067
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily building is located on Ocean Avenue, between Foster Avenue and Glenwood Road, in Brooklyn, New York. The property offers a prime investment opportunity in a desirable location. The full building features newly renovated units with brand-new electrical, plumbing, and piping throughout. The property is well-maintained and benefits from stable rent-stabilized tenants and high occupancy, ensuring consistent income. The building is situated in a vibrant neighborhood with strong rental demand. The property size is 4000 square feet and the lot size is 0.1274 acres.
Key Highlights
- Full building on Ocean Avenue between Foster Avenue and Glenwood Road
- All units newly renovated with brand‑new electrical, plumbing, and piping throughout
- Refrigerator and stove included as interior features
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.6k | $56.64 |
| − Vacancy | −$4.5k | −$1.13 |
| EGI | $222.0k | $55.51 |
| − OpEx | −$99.9k | −$24.98 |
| NOI | $122.1k | $30.53 |
4,000 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fully renovated multifamily building in prime Brooklyn location.
Where is this apartment building located?
The property is located at 1096 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,580,000.
What are key features of this property?
This property features: Full building on Ocean Avenue between Foster Avenue and Glenwood Road; All units newly renovated with brand‑new electrical, plumbing, and piping throughout; Refrigerator and stove included as interior features
