Detached Two-Family
1922 Ocean Ave Brooklyn, NY 11230
For Sale
$2,250,000
Two 3-bedroom apartments in a 1925 build with a full basement and private driveway plus detached garage parking.
Property Size2,976 SF
Lot Size0.12 Acres
Price / SF$756.05
Days on Market55
Property Features for 1922 Ocean Ave
General Information
- Standard status
- Active
- Size
- 2,976 SF
- Lot size
- 0.12 Acres
- Property subtype
- Multi Family
Listing Agency:
Diamond Real Inc
(855) 774-1040
Listed By:
Maryana Savkiv · License #MS2268
(855) 774-1040
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 26 at 8:46AM
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 Diamond Real Inc
Investment Insights
Based on property information with market context.
This detached two-family home was built in 1925 and offers approximately 2,976 sq ft of floor space on a 40 x 125 lot (about 5,030 sq ft). The property features two spacious apartments, each configured as a 3-bedroom layout with closet and storage space. A full basement adds additional utility, and the home is served by a private driveway that fits 3 cars, along with a detached garage with room for 2 cars.
Set in Midwood, the remarks note quick access to businesses along Kings Hwy. and Coney Island Ave., as well as nearby schools including P.S. 197 and P.S. 238 and James Madison High School. The area transportation options include immediate access to the Kings Hwy. B and Q Train station, plus nearby bus routes including B7, B9, B49, B68, B82, B82-SBS, B100, and BM3. The property is identified with zoning R6A.
For owner-occupants or investors, the duplex provides two separate, light-filled apartment layouts with substantial bedroom count on both the first and second levels. The listing states the property is occupied and will be delivered vacant. The remarks also indicate possible development potential under current zoning, including a concept for up to 12 condos totaling 15,000 sq ft, subject to approvals.
Set in Midwood, the remarks note quick access to businesses along Kings Hwy. and Coney Island Ave., as well as nearby schools including P.S. 197 and P.S. 238 and James Madison High School. The area transportation options include immediate access to the Kings Hwy. B and Q Train station, plus nearby bus routes including B7, B9, B49, B68, B82, B82-SBS, B100, and BM3. The property is identified with zoning R6A.
For owner-occupants or investors, the duplex provides two separate, light-filled apartment layouts with substantial bedroom count on both the first and second levels. The listing states the property is occupied and will be delivered vacant. The remarks also indicate possible development potential under current zoning, including a concept for up to 12 condos totaling 15,000 sq ft, subject to approvals.
Key Highlights
- Detached two‑family built in 1925 on a 40 ft x 125 ft lot (5,030 sq ft).
- Approximately 2,976 sq ft of floor space with 2 apartments, each featuring 3 bedrooms.
- Full basement included, plus private driveway with parking for 3 cars.
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tashkent Barbershop
Barber Shop
FAQs
What type of property is this?
Duplex - Two 3-bedroom apartments in a 1925 build with a full basement and private driveway plus detached garage parking.
Where is this duplex located?
The property is located at 1922 Ocean Ave 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 built in 1925 on a 40 ft x 125 ft lot (5,030 sq ft).; Approximately 2,976 sq ft of floor space with 2 apartments, each featuring 3 bedrooms.; Full basement included, plus private driveway with parking for 3 cars.
