Residential Income Property with
For Sale
$950,000
567 Ocean Avenue TH2, Brooklyn, NY 11226
Two-level one-bedroom duplex with a private front yard, bonus room, and full-service building amenities.
Property Size1,221 SF
Price / SF$778.05
Days on Market69
Property Features for 567 Ocean Avenue TH2
General Information
Standard status
Active
Size
1,221 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$18,486
Building Details
Building Size
1,221 SF
Year Built
2019
Listing Agency:
Compass
Listed By:
Philip H Reynolds
(832) 715-5497
Source:
Howardhannanyc
Added: Aug 19
Changed: Oct 26
Last Checked: Oct 25 at 1:49AM
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
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This 1,221-square-foot, two-level one-bedroom duplex combines townhouse-style access with the services of a 2019 full-service building. Three private entrances connect directly to the residence, while a private front yard and glass-roofed conservatory add outdoor and skylit living space. The lower level includes a bonus room, high ceilings, a second half bath, and a full-height glass wall facing the conservatory.
The kitchen was renovated in 2026 with an LG Signature range, marble counters and backsplash, custom cabinetry, and Bosch appliances. Additional features include eight-inch white oak flooring, radiant-heated bathroom floors, a soaking tub, triple-pane windows, zoned heating and cooling, an LG washer and dryer, and keypad-entry smart locks.
Building amenities include a 24/7 virtual doorman, fitness center, furnished roof deck, landscaped courtyard with grills, resident lounge, party room, children's playroom, pet spa, package room, and bicycle storage. A daytime superintendent and evening on-call coverage are provided. The B and Q trains at Church Avenue are two blocks away, and Prospect Park is three blocks north.
The kitchen was renovated in 2026 with an LG Signature range, marble counters and backsplash, custom cabinetry, and Bosch appliances. Additional features include eight-inch white oak flooring, radiant-heated bathroom floors, a soaking tub, triple-pane windows, zoned heating and cooling, an LG washer and dryer, and keypad-entry smart locks.
Building amenities include a 24/7 virtual doorman, fitness center, furnished roof deck, landscaped courtyard with grills, resident lounge, party room, children's playroom, pet spa, package room, and bicycle storage. A daytime superintendent and evening on-call coverage are provided. The B and Q trains at Church Avenue are two blocks away, and Prospect Park is three blocks north.
Key Highlights
- 1,221 SF two‑level one‑bedroom duplex
- Glass‑roofed conservatory with a full‑height glass wall
- Private front yard and three direct entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,624
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,480
$572.5K
Cap Rate 7%
$408,914
$408.9K
Cap Rate 9%
$318,044
$318.0K
Market Conditions
NOI Build-Up for 1,221 SF
Gross rent
$54.2K $44.40/SF
− Vacancy
−$2.2K −$1.78/SF
EGI
$52.0K $42.62/SF
− OpEx
−$23.4K −$19.18/SF
NOI
$28.6K $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,480
Cap Rate 7%
$408,914
Cap Rate 9%
$318,044
Alternative Uses
Best Use
Apartment 5plus
$408.9K
$357.8K – $477.1K
NOI $28,624 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.5K
$528.1K – $704.1K
NOI $42,245 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level one-bedroom duplex with a private front yard, bonus room, and full-service building amenities.
Where is this residential income property located?
The property is located at 567 Ocean Avenue TH2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,221 SF two‑level one‑bedroom duplex; Glass‑roofed conservatory with a full‑height glass wall; Private front yard and three direct entrances
