Ground-Floor Retail Condo with
For Sale
$899,000
2533 Ocean Avenue, Brooklyn, NY 11229
COMMERCIAL - Brooklyn, NY
Property Size2,879 SF
Lot Size0.13 Acres
Price / SF$312.26
Days on Market268
Property Features for 2533 Ocean Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7A/C1-3
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,879 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
1086
Building Details
Year built
2015
Flooring type
Tile
Building materials
Brick, Steel
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Nov 6, 2025
Changed: Jul 31
Last Checked: Aug 1 at 2:06PM
MLS# 497161
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.
Investment Insights
Based on property information with market context.
Ground-floor retail condo with street-level retail/showroom space, a restroom, and a rear storage room, plus cellar space with a reception area, two private rooms, a prep/work counter with utility sink, an oversized open area, and two additional bathrooms. The street level and cellar may be connected internally by adding a staircase, expanding flexibility for retail, professional office, medical or wellness services, studio, training center, or other business uses.
The property is located in a 2015 elevator building just off the Avenue U commercial corridor. Zoning is R7A/C1-3, and the space is offered with Retail C of O. Construction materials include brick and steel, with a flat roof and tile flooring.
A deeded parking spot is included, and there are 7 years remaining on the tax abatement.
The property is located in a 2015 elevator building just off the Avenue U commercial corridor. Zoning is R7A/C1-3, and the space is offered with Retail C of O. Construction materials include brick and steel, with a flat roof and tile flooring.
A deeded parking spot is included, and there are 7 years remaining on the tax abatement.
Key Highlights
- 542 SF street‑level retail showroom plus restroom and rear storage
- 2,337 SF cellar with reception, two private rooms, prep/work counter with utility sink
- Combined approx. 2,879 SF street level and cellar spaces
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.4k | $43.20 |
| − Vacancy | −$28.6k | −$9.94 |
| EGI | $95.8k | $33.26 |
| − OpEx | −$23.9k | −$8.32 |
| NOI | $71.8k | $24.95 |
2,879 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,061 @ 7.0% cap · market cap 15.36%
Second Best
Office B
$1.03M
$897.8K – $1.20M
NOI $71,825 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,867 @ 7.0% cap · market cap 18.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,390
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level retail showroom plus cellar space in a 2015 elevator building, with deeded parking and Retail C of O.
Where is this retail space located?
The property is located at 2533 Ocean Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 542 SF street‑level retail showroom plus restroom and rear storage; 2,337 SF cellar with reception, two private rooms, prep/work counter with utility sink; Combined approx. 2,879 SF street level and cellar spaces
