One-Bedroom Residential
For Sale
$575,000
2128 Ocean Avenue 8C, Brooklyn, NY 11229
The 2018 condominium includes shared fitness, lounge, and outdoor spaces, along with a 24-hour attended lobby.
Property Size664 SF
Price / SF$865.96
Days on Market20
Property Features for 2128 Ocean Avenue 8C
General Information
Standard status
Active
Size
664 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$252
Amenities
24-hour attended lobby
fully equipped fitness center
yoga and meditation studio
resident lounge
entertainment space
children's playroom
landscaped courtyard
furnished terrace with grilling stations
in-unit washer/dryer
radiant heated floors
Building Details
Building Size
664 SF
Year Built
2018
Listing Agency:
Compass
Listed By:
SEAN D BREWER
(785) 550-9251
Source:
Howardhannanyc
Added: Oct 6
Changed: Oct 25
Last Checked: Oct 25 at 1:31AM
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 Compass
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Investment Insights
Based on property information with market context.
This 664-square-foot, one-bedroom residence features an open living and dining area, a galley kitchen with Bosch stainless steel appliances, and an in-unit washer and dryer. Southern-facing windows bring natural light into the home. Finishes include engineered oak flooring, custom cabinetry, and radiant heated bathroom floors. A tax abatement runs through 2033.
The residence is in Onyx Square at Ocean Avenue and Kings Highway in Brooklyn. Building amenities include a fitness center, yoga and meditation studio, resident lounge, entertainment space, children’s playroom, landscaped courtyard, and furnished terrace with grilling stations. The nearby B and Q trains provide access to Midtown in approximately 35 minutes, Downtown Brooklyn in 20 minutes, and Brighton Beach or Coney Island in 10 minutes.
The residence is in Onyx Square at Ocean Avenue and Kings Highway in Brooklyn. Building amenities include a fitness center, yoga and meditation studio, resident lounge, entertainment space, children’s playroom, landscaped courtyard, and furnished terrace with grilling stations. The nearby B and Q trains provide access to Midtown in approximately 35 minutes, Downtown Brooklyn in 20 minutes, and Brighton Beach or Coney Island in 10 minutes.
Key Highlights
- 664‑square‑foot one‑bedroom residence
- Tax abatement through 2033
- In‑unit washer and dryer; Bosch stainless steel kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,271
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,420
$405.4K
Cap Rate 7%
$289,586
$289.6K
Cap Rate 9%
$225,233
$225.2K
Market Conditions
NOI Build-Up for 664 SF
Gross rent
$37.6K $56.64/SF
− Vacancy
−$752 −$1.13/SF
EGI
$36.9K $55.51/SF
− OpEx
−$16.6K −$24.98/SF
NOI
$20.3K $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%
$405,420
Cap Rate 7%
$289,586
Cap Rate 9%
$225,233
Alternative Uses
Best Use
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,271 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$549.8K
$481.1K – $641.4K
NOI $38,485 @ 7.0% cap · market cap 6.69%
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
5,432
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2018 condominium includes shared fitness, lounge, and outdoor spaces, along with a 24-hour attended lobby.
Where is this residential income property located?
The property is located at 2128 Ocean Avenue 8C Brooklyn, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 664‑square‑foot one‑bedroom residence; Tax abatement through 2033; In‑unit washer and dryer; Bosch stainless steel kitchen appliances
