Detached Two-Family
1922 Ocean Avenue Brooklyn, NY 11230
For Sale
$2,250,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,976 SF
Lot Size0.11 Acres
Price / SF$756.05
Days on Market65
Property Features for 1922 Ocean Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Rooms
Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Garage - Detached
Interior features
A/C Unit, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished
Standard status
Active
Lot size
0.11 Acres
Building Details
Flooring type
Tile, Hardwood
Building materials
Block
Roof type
Asphalt
Architectural style
Bungalow
Listing Agency:
Diamond Real Inc
(855) 774-1040
Listed By:
Maryana Savkiv · License #MS2268
(718) 734-2710
Added: May 24
Changed: Jul 11
Last Checked: Jul 27 at 9:06AM
MLS# 501624
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 detached two-family residence was built in 1925 and sits on a 40 x 125 lot. The property offers approximately 2,976 sq ft of floor space across two separate units, each laid out as a three-bedroom apartment with closet and storage space and abundant natural light. A full basement provides additional utility space. Off-street parking includes a private driveway sized for three cars, along with a detached garage that provides room for two vehicles.
Located at 1922 Ocean Avenue in Brooklyn, the home benefits from nearby retail and institutional options along Kings Hwy. and Coney Island Ave., with P.S. 197, P.S. 238, and James Madison High School called out in the remarks. Transportation access is described as immediate to the Kings Hwy. B and Q Train station, plus multiple bus routes including the B7, B9, B49, B68, B82, B82-SBS, B100, and BM3.
The property is zoned R6A. As presented in the remarks, the current setup includes two spacious apartments and the opportunity for redevelopment, with the listing noting potential for up to 12 condominiums and approximately 15,000 sq ft. Occupied status is addressed as being delivered vacant. This combination can fit owner-occupants seeking a two-unit structure and investors or developers evaluating a residential conversion or redevelopment path within the stated zoning framework.
Located at 1922 Ocean Avenue in Brooklyn, the home benefits from nearby retail and institutional options along Kings Hwy. and Coney Island Ave., with P.S. 197, P.S. 238, and James Madison High School called out in the remarks. Transportation access is described as immediate to the Kings Hwy. B and Q Train station, plus multiple bus routes including the B7, B9, B49, B68, B82, B82-SBS, B100, and BM3.
The property is zoned R6A. As presented in the remarks, the current setup includes two spacious apartments and the opportunity for redevelopment, with the listing noting potential for up to 12 condominiums and approximately 15,000 sq ft. Occupied status is addressed as being delivered vacant. This combination can fit owner-occupants seeking a two-unit structure and investors or developers evaluating a residential conversion or redevelopment path within the stated zoning framework.
Key Highlights
- Detached two‑family home on a 40 x 125 lot with approx. 2,976 sq ft of floor space
- Each unit offers 3 bedrooms, with closet and storage space and abundant sunlight
- Built in 1925 with block construction and asphalt roof
Financial Insights For Multifamily LT 5
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 | $151.8k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $148.9k | $50.03 |
| − OpEx | −$44.7k | −$15.01 |
| NOI | $104.2k | $35.02 |
2,976 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,225 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,854 @ 7.0% cap · market cap 4.04%
Theoretical Best
Specialty Retail
$2.46M
$2.16M – $2.87M
NOI $172,489 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family with full basement, private driveway for three, and detached two-car garage.
Where is this duplex located?
The property is located at 1922 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Detached two‑family home on a 40 x 125 lot with approx. 2,976 sq ft of floor space; Each unit offers 3 bedrooms, with closet and storage space and abundant sunlight; Built in 1925 with block construction and asphalt roof
