Residential Income
1018 Ocean View Avenue Brooklyn, NY 11235
New
1018 Ocean View Avenue, Brooklyn, NY, 11235
$1,199,000
Pending
For Sale
$1,199,000
Pending
Triplex for sale near transit, shopping, dining, and the Atlantic Ocean beach.
Property Size2,520 SF
Days on Market3
Property Features for 1018 Ocean View Avenue
General Information
- Standard status
- Pending
- Size
- 2,520 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1920
Listing agency
Do Right Realty
(347) 966-0099
Listed by
Fang Xiao CBR
(347) 966-0099
Source
Compass
Added: Jul 20 Updated: Jul 21 at 4:49PM Checked: Jul 22 at 10:16AM
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
Investment Insights
Based on property information with market context.
This residential income triplex is offered for sale in the Brighton Beach area of Coney Island. The property is positioned for rental use, with the overall asset size listed at 2,520 square feet.
According to the remarks, it is close to the train station and convenient to nearby stores and restaurants. The property is also described as being near the Atlantic Ocean beach.
The offering is presented as an investment property in a high-demand Brooklyn seaside corridor, with the specified address at 1018 Ocean View Avenue, Brooklyn, NY 11235.
According to the remarks, it is close to the train station and convenient to nearby stores and restaurants. The property is also described as being near the Atlantic Ocean beach.
The offering is presented as an investment property in a high-demand Brooklyn seaside corridor, with the specified address at 1018 Ocean View Avenue, Brooklyn, NY 11235.
Key Highlights
- Triplex for sale in the Brighton Beach neighborhood of Coney Island
- Built in 1920
- Stucco construction
Local 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 | $128.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $126.1k | $50.03 |
| − OpEx | −$37.8k | −$15.01 |
| NOI | $88.3k | $35.02 |
2,520 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,255 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,933 @ 7.0% cap · market cap 6.42%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pixel Wraps
(Bike/Boat/Book/etc) Store
Metro Sign Services
(Bike/Boat/Book/etc) Store
Brooklyn Signs Company
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex for sale near transit, shopping, dining, and the Atlantic Ocean beach.
Where is this triplex 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: Triplex for sale in the Brighton Beach neighborhood of Coney Island; Built in 1920; Stucco construction
