Brick Quadplex with
For Sale
$2,000,000
1450 Ocean Ave, Brooklyn, NY 11230
Four-family residential property with R7A zoning and a shared vehicle drive.
Property Size3,280 SF
Lot Size0.09 Acres
Price / SF$1,250
Days on Market59
Property Features for 1450 Ocean Ave
General Information
Standard status
Active
Size
3,280 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Zoning
R7A
Property Condition
Severity
Repairs Needed
Evidence
requires TLC
Additional Details
Multifamily Units
4
Building Details
Building Size
3,280 SF
Buildings
1
Stories
2
Construction
brick
Listing Agency:
The BehfarTeam LLC
Listed By:
Daniel Sosani
(347) 988-2526
Source:
Elliman
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 15 at 12:23AM
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 The BehfarTeam LLC
Investment Insights
Based on property information with market context.
This semi-detached brick quadplex occupies a 25' × 151' lot and contains a 20' × 80' building. The property is vacant and requires TLC, offering an existing four-family configuration within an R7A-zoned residential setting. A wide shared driveway provides parking for multiple vehicles, adding practical site functionality uncommon in a compact urban property.
The property is located at 1450 Ocean Ave, Brooklyn, NY 11230. TransitScore is 90, described as Rider's Paradise, while BikeScore is 80, described as Very Bikeable. The combination of an established residential structure, substantial lot depth, zoning designation, and on-site vehicle access provides a clear physical profile for review by multifamily buyers.
The property is located at 1450 Ocean Ave, Brooklyn, NY 11230. TransitScore is 90, described as Rider's Paradise, while BikeScore is 80, described as Very Bikeable. The combination of an established residential structure, substantial lot depth, zoning designation, and on-site vehicle access provides a clear physical profile for review by multifamily buyers.
Key Highlights
- Semi‑detached brick four‑family property
- 25' × 151' lot with a 20' × 80' building
- R7A zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,035
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,700
$1.1M
Cap Rate 7%
$800,500
$800.5K
Cap Rate 9%
$622,611
$622.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$81.6K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$80.0K $50.03/SF
− OpEx
−$24.0K −$15.01/SF
NOI
$56.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,700
Cap Rate 7%
$800,500
Cap Rate 9%
$622,611
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 2.80%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 2.44%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family residential property with R7A zoning and a shared vehicle drive.
Where is this quadplex located?
The property is located at 1450 Ocean Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Semi‑detached brick four‑family property; 25' × 151' lot with a 20' × 80' building; R7A zoning
