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Six-Unit Multifamily Masonry Building

2057 OCEAN Avenue, Brooklyn, NY 11230

For Sale
$999,999

Six two-bedroom, one-bath apartments in a 1925 masonry building with full-height basement on a 25x110 lot.

Property Size4,800 SF
Lot Size0.06 Acres
Price / SF$208.33
Days on Market167

Property Features for 2057 OCEAN Avenue

General Information

Standard status Active
Size 4,800 SF
Lot size 0.06 Acres
Property subtype Multi Family
Zoning R7A

Additional Details

Cap Rate 8.39%
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $24,048

Building Details

Building Size 4,800 SF
Year Built 1924
Tenancy Multi
Listing Agency: Corcoran Group
Listed By: Mike Laurent · License NY #10401365017
Source: Carlinwright
Added: Jun 2 Changed: Nov 14 Last Checked: Nov 14 at 12:50PM

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 Corcoran Group

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Investment Insights

Based on property information with market context.

This 1925 six-unit multifamily masonry building includes approximately 4,800 SF above grade and a full-height basement of approximately 1,500 SF. The property is configured with six residential apartments, each offering a two-bedroom, one-bath layout. Several units are occupied by a non-profit entity, and current gross annual revenue is $158,076.

The building measures 25 by 75 feet and sits on a 25 by 110 foot lot totaling approximately 2,750 SF. Zoned R7A, it has an as-built FAR of approximately 1.75 and an allowable FAR of 4.0, providing an estimated 6,200 SF of additional buildable area and approximately 11,000 SF of total potential buildable area.

Located along Ocean Avenue in Midwood, the property offers convenient access to neighborhood shopping, dining, community centers, and public transportation. The B and Q at Kings Highway subway station is about 0.3 miles away, supporting connectivity to Manhattan and across Brooklyn.

Key Highlights

  • 1925 six‑unit multifamily masonry building with full‑height basement
  • Each unit is a 2‑bedroom, 1‑bath apartment (6 residential apartments total)
  • Approximately 4,800 SF above grade plus 1,500 SF full‑height basement

Property Analytics

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Open Analytics

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

5,432
Businesses Nearby

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

Average Price Trend$/SF for Apartment buildings in Brooklyn, NY

$512 Jul
$494 Aug
$498 Sep
$476 Oct

Properties on Market for Apartment buildings in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six two-bedroom, one-bath apartments in a 1925 masonry building with full-height basement on a 25x110 lot.
Where is this apartment building located?
The property is located at 2057 OCEAN Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 1925 six‑unit multifamily masonry building with full‑height basement; Each unit is a 2‑bedroom, 1‑bath apartment (6 residential apartments total); Approximately 4,800 SF above grade plus 1,500 SF full‑height basement
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