Brooklyn Mixed-Use Elevator
For Sale
Contact for pricing
Pending
510 Ocean Ave, Brooklyn, NY 11226
Mixed-use building near Prospect Park with strong cash flow.
Property Size29,999 SF
Days on Market204
Property Features for 510 Ocean Ave
General Information
Standard status
Pending
Size
29,999 SF
Property subtype
Mixed Use, Multifamily
Building Details
Units
32
Listing Agency:
Tahari Realty
Listed By:
Jack Sash Basora · License #10401388276
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Jul 24 at 1:48PM
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 Tahari Realty
Investment Insights
Based on property information with market context.
Located in Brooklyn, 510 Ocean Avenue is a mixed-use elevator building. The property features ground-floor commercial space with residential units above. The building is offered with in-place cash flow. The current gross income is $941,009.68, with a stabilized net operating income of approximately $633,980, assuming a 3% vacancy rate. Situated in a Brooklyn submarket with walkability and transit access, 510 Ocean Avenue offers immediate yield, income stability, and potential upside through rent growth and operational efficiencies. The property size is 29999 square feet.
Key Highlights
- High 9.5% Cap Rate provides strong in‑place cash flow and immediate yield.
- Prime location in a high‑barrier‑to‑entry Brooklyn submarket, steps from Prospect Park and multiple transit options.
- Mixed‑use elevator building offers ground‑floor commercial space with residential units above.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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?
Mixed-use property - Mixed-use building near Prospect Park with strong cash flow.
Where is this mixed-use property located?
The property is located at 510 Ocean Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,595,000.
What are key features of this property?
This property features: High 9.5% Cap Rate provides strong in‑place cash flow and immediate yield.; Prime location in a high‑barrier‑to‑entry Brooklyn submarket, steps from Prospect Park and multiple transit options.; Mixed‑use elevator building offers ground‑floor commercial space with residential units above.
