Top-Floor Residential Income
For Sale
$730,000
1916 OCEAN Avenue PH12, Brooklyn, NY 11230
Two-bedroom, two-bath residence with private parking, balconies, in-unit laundry, and a full appliance package.
Property Size1,051 SF
Price / SF$694.58
Days on Market76
Property Features for 1916 OCEAN Avenue PH12
General Information
Standard status
Active
Size
1,051 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,340
Amenities
private balconies
in-unit washer/dryer
Building Details
Building Size
1,051 SF
Year Built
2006
Listing Agency:
Serhant
Listed By:
Zarina Khaydarova-Rivera
(646) 612-5416
Source:
Carlinwright
Added: Aug 12
Changed: Oct 25
Last Checked: Oct 25 at 1:18AM
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 Serhant
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Investment Insights
Based on property information with market context.
This 1,051-square-foot residential income property is a top-floor, two-bedroom, two-bath home completed in 2006. The layout includes generous living space, two private balconies, in-unit washer/dryer, and a full suite of appliances. A private parking space is included within the building, and only two homes occupy the floor.
The property is located at 1916 Ocean Avenue in Brooklyn, near the B and Q subway lines. Shopping, restaurants, and everyday conveniences are nearby, with access to Downtown Brooklyn and Manhattan described as convenient. The residence combines indoor living space, private outdoor areas, on-site parking, and a quiet top-floor setting.
The property is located at 1916 Ocean Avenue in Brooklyn, near the B and Q subway lines. Shopping, restaurants, and everyday conveniences are nearby, with access to Downtown Brooklyn and Manhattan described as convenient. The residence combines indoor living space, private outdoor areas, on-site parking, and a quiet top-floor setting.
Key Highlights
- 1,051‑square‑foot two‑bedroom, two‑bath residence
- Top‑floor setting with only two homes on the floor
- Two private balconies provide dedicated outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,086
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,720
$641.7K
Cap Rate 7%
$458,371
$458.4K
Cap Rate 9%
$356,511
$356.5K
Market Conditions
NOI Build-Up for 1,051 SF
Gross rent
$59.5K $56.64/SF
− Vacancy
−$1.2K −$1.13/SF
EGI
$58.3K $55.51/SF
− OpEx
−$26.3K −$24.98/SF
NOI
$32.1K $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%
$641,720
Cap Rate 7%
$458,371
Cap Rate 9%
$356,511
Alternative Uses
Best Use
Apartment 5plus
$458.4K
$401.1K – $534.8K
NOI $32,086 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$870.2K
$761.5K – $1.02M
NOI $60,916 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,356
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath residence with private parking, balconies, in-unit laundry, and a full appliance package.
Where is this residential income property located?
The property is located at 1916 OCEAN Avenue PH12 Brooklyn, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 1,051‑square‑foot two‑bedroom, two‑bath residence; Top‑floor setting with only two homes on the floor; Two private balconies provide dedicated outdoor space
