Semi-Detached 2-Family
For Sale
$2,349,000
2786 Ocean Avenue, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property Size2,640 SF
Lot Size0.07 Acres
Price / SF$889.77
Days on Market74
Property Features for 2786 Ocean Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7A
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Interior features
A/C Unit - Window
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,640 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10422
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Parquet Wood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Ideal Properties Realty, LLC
(718) 576-2663
Listed By:
Dalia Samouha
(718) 576-2663
Added: May 25
Changed: Aug 3
Last Checked: Aug 5 at 11:06PM
MLS# 501577
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.
Semi-detached 2-family duplex with an existing brick structure built in 1930, offered as-is. The property sits on a 24 x 125 lot for a total lot size of 0.0686 acres, with 2,640 square feet of property size. Interior features include a window A/C unit and parquet wood flooring. The roof is shingle, and the home includes three bathrooms across the layout.
The property is located in an R7A zoning district and includes a shared driveway. It is on Ocean Avenue in Brooklyn, with proximity to B3 bus and the New York City Subway Q line, and just moments from Emmons Avenue and Shore Boulevard.
The combination of a duplex configuration, shared driveway, and R7A zoning supports redevelopment and repositioning options, subject to required architect and city approvals.
The property is located in an R7A zoning district and includes a shared driveway. It is on Ocean Avenue in Brooklyn, with proximity to B3 bus and the New York City Subway Q line, and just moments from Emmons Avenue and Shore Boulevard.
The combination of a duplex configuration, shared driveway, and R7A zoning supports redevelopment and repositioning options, subject to required architect and city approvals.
Key Highlights
- Semi‑detached 2‑family duplex on a 24 x 125 lot (0.0686 acres)
- R7A zoning district
- As‑is brick structure built in 1930
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 | $134.6k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $132.1k | $50.03 |
| − OpEx | −$39.6k | −$15.01 |
| NOI | $92.5k | $35.02 |
2,640 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,457 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,596 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,014 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached 2-family duplex in an R7A zoning district with a shared driveway and brick construction.
Where is this duplex located?
The property is located at 2786 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: Semi‑detached 2‑family duplex on a 24 x 125 lot (0.0686 acres); R7A zoning district; As‑is brick structure built in 1930
