Detached Two-Family
For Sale
$2,400,000
1922 Ocean Avenue, Brooklyn, NY 11230
Residential, Brooklyn, NY
Property Size2,976 SF
Lot Size0.11 Acres
Price / SF$806.45
Days on Market60
Property Features for 1922 Ocean Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Garage
Interior features
A/C Unit, Dishwasher, Laundry Area, Microwave, Pool, Refrigerator, Terrace, Washer
Basement
Finished
Subdivision
Midwood
Standard status
Active
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Building Details
Flooring type
Tile, Parquet Wood, Slate
Building materials
Block
Roof type
Metal
Buildings
1
Listing Agency:
Luxe Real Inc
Listed By:
Maryana Savkiv
(718) 288-4064
Added: Aug 28
Changed: Oct 23
Last Checked: Oct 26 at 9:06AM
MLS# 504110
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached duplex contains approximately 2,976 square feet of floor area on a 5,030-square-foot lot measuring 40 by 125 feet. Built in 1925, the property offers two three-bedroom apartments, with one residence on each of the first and second levels. A full basement provides additional storage, while the private driveway accommodates three cars and the detached garage has space for two more. The property is expected to be delivered vacant.
The address is 1922 Ocean Avenue in Brooklyn’s 11230 ZIP code, with access to commercial establishments along Kings Highway and Coney Island Avenue. Nearby educational and recreational references include P.S. 197, P.S. 238, James Madison High School, and Corporal Wiltshire Square. Transit options include the Kings Highway B and Q station and multiple bus routes. The property is zoned R6A.
The address is 1922 Ocean Avenue in Brooklyn’s 11230 ZIP code, with access to commercial establishments along Kings Highway and Coney Island Avenue. Nearby educational and recreational references include P.S. 197, P.S. 238, James Madison High School, and Corporal Wiltshire Square. Transit options include the Kings Highway B and Q station and multiple bus routes. The property is zoned R6A.
Key Highlights
- Detached duplex with two three‑bedroom apartments
- Approximately 2,976 sq ft of floor space on a 5,030 sq ft lot
- 40 x 125 lot dimensions; built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,225
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,500
$2.1M
Cap Rate 7%
$1,488,929
$1.5M
Cap Rate 9%
$1,158,056
$1.2M
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$151.8K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$148.9K $50.03/SF
− OpEx
−$44.7K −$15.01/SF
NOI
$104.2K $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%
$2,084,500
Cap Rate 7%
$1,488,929
Cap Rate 9%
$1,158,056
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,225 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.51M
NOI $90,854 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$2.46M
$2.16M – $2.87M
NOI $172,489 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments include basement storage, a private driveway, and a detached garage.
Where is this duplex located?
The property is located at 1922 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Detached duplex with two three‑bedroom apartments; Approximately 2,976 sq ft of floor space on a 5,030 sq ft lot; 40 x 125 lot dimensions; built in 1925
