Four-Story 40-Unit Apartment
For Sale
$8,150,000
2145 Ocean Avenue, Brooklyn, NY 11229
Commercial Sale, Brooklyn, NY
Property SizeContact for details
Lot Size0.25 Acres
Days on Market48
Property Features for 2145 Ocean Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7A
Parking features
On Street
Elementary school district
Contact Agent
Middle school district
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High school district
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Standard status
Active
APN
06783-0057
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
136669
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Building Details
Year built
1925
Number of units
40
Building materials
Brick, Frame
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Jul 13
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 1024367
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-story 40-unit apartment building is offered in R7A zoning and sits on an approximately 11,000 sq. ft. lot. The property includes high 9' ceilings, two skylights, 3-phase power, A/C, and all-new LED lighting.
The building is located in Brooklyn near Kings Plaza, just off Kings Hwy, and minutes from the Belt Pkwy. Neighboring businesses referenced with the property include Target, ShopRite, CubeSmart Self Storage, Extra Space Storage, Staples, Petco, T.J. Maxx, CVS, Dunkin', Walgreens, Burlington, Michaels, CityMD, Meineke Car Care Center, Raising Cane’s, and Aldi.
Financial information provided shows gross income of $716,260.68 annually, total expenses of $225,507.36 annually, and net operating income (NOI) of $490,753.32 annually, reflecting a stated 5.61% cap rate. The listing notes the building is 100% occupied, with lease expiration dates included for the individual apartment units.
The building is located in Brooklyn near Kings Plaza, just off Kings Hwy, and minutes from the Belt Pkwy. Neighboring businesses referenced with the property include Target, ShopRite, CubeSmart Self Storage, Extra Space Storage, Staples, Petco, T.J. Maxx, CVS, Dunkin', Walgreens, Burlington, Michaels, CityMD, Meineke Car Care Center, Raising Cane’s, and Aldi.
Financial information provided shows gross income of $716,260.68 annually, total expenses of $225,507.36 annually, and net operating income (NOI) of $490,753.32 annually, reflecting a stated 5.61% cap rate. The listing notes the building is 100% occupied, with lease expiration dates included for the individual apartment units.
Key Highlights
- 40‑unit apartment building with 100% occupancy and listed 5.61% cap rate
- Gross income $716,260.68 annually; NOI $490,753.32 annually (expenses $225,507.36 annually)
- 11,000 sq ft lot with a 4‑story structure built in 1925
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
40
Residential units
100%
Occupancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,779
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Forty-unit multifamily building in R7A zoning with high 9' ceilings, A/C, 3-phase power, and new LED lighting.
Where is this apartment building located?
The property is located at 2145 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,150,000.
What are key features of this property?
This property features: 40‑unit apartment building with 100% occupancy and listed 5.61% cap rate; Gross income $716,260.68 annually; NOI $490,753.32 annually (expenses $225,507.36 annually); 11,000 sq ft lot with a 4‑story structure built in 1925
