Multi-Unit Residential Income
For Sale
$1,199,000
1018 Ocean View Avenue, Brooklyn, NY 11235
A 1920-built Colonial with multiple units and wall/window air conditioning.
Property Size2,520 SF
Days on Market97
Property Features for 1018 Ocean View Avenue
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
1
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,123
Amenities
Multi Units, Wall/Window Unit(s)
Natural Gas, Other
Other
City, Neighborhood
Private
Colonial
Building Details
Building Size
2,520 SF
Year Built
1920
Listing Agency:
Do Right Realty
Listed By:
Fang Xiao CBR
(347) 966-0099
Source:
Evrealestate
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Do Right Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Colonial residential income property was built in 1920 and contains multiple units. Wall/window air-conditioning units are among its interior features, along with natural gas service.
The property is on Ocean View Avenue between Coney Island Avenue and Brighton 10th Street in Brooklyn.
The property is on Ocean View Avenue between Coney Island Avenue and Brighton 10th Street in Brooklyn.
Key Highlights
- Multiple residential units
- Built in 1920
- Wall/window air‑conditioning units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,933
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,538,660
$1.5M
Cap Rate 7%
$1,099,043
$1.1M
Cap Rate 9%
$854,811
$854.8K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$142.7K $56.64/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$139.9K $55.51/SF
− OpEx
−$62.9K −$24.98/SF
NOI
$76.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,538,660
Cap Rate 7%
$1,099,043
Cap Rate 9%
$854,811
Alternative Uses
Best Use
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,933 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1920-built Colonial with multiple units and wall/window air conditioning.
Where is this residential income property located?
The property is located at 1018 Ocean View Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Multiple residential units; Built in 1920; Wall/window air‑conditioning units
