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40-Unit Apartment Building
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 Market86

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 Contact Agent
High school district Contact Agent
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

Amenities

high ceilings
skylights
3 phase power
LED lighting
A/C

Building Details

Year built 1925
Number of units 40
Building materials Brick, Frame
Listing Agency: All Island Estates Realty Corp
Listed By: Richard Matt Shane · License #1020151
Added: Jul 13 Changed: Oct 5 Last Checked: Oct 6 at 7:06PM
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 apartment building contains 40 units on an approximately 11,000-square-foot lot and was built in 1925. The property is zoned R7A and features 9-foot ceilings, two skylights, air conditioning, three-phase power, and updated LED lighting. Brick and frame construction, oil heat, public water, and public sewer are reported. Parking is available on street.

The property is located in Brooklyn near Kings Highway, Kings Plaza, and the Belt Parkway. Surrounding commercial occupants include Target, ShopRite, CubeSmart Self Storage, Extra Space Storage, CVS, Walgreens, and other national and regional retailers.

The building is reported to be 100% occupied and carries a 6.05% cap rate. Its apartment configuration, zoning, and established occupancy provide a clearly defined multifamily asset profile.

Key Highlights

  • 40‑unit apartment building on an 11,000 Sqft. lot
  • 100% occupied with a 6.05% cap rate
  • R7A zoning and four‑story configuration

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Hotel & Motel Bar & Pub Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height
40
Residential units
100%
Occupancy
Yes
Heavy power
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,779
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Four-story multifamily property with R7A zoning, high ceilings, skylights, and public utilities.
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 on an 11,000 Sqft. lot; 100% occupied with a 6.05% cap rate; R7A zoning and four‑story configuration
More about this property
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