Two-Level Retail or Office
C1-2533 Ocean Ave Brooklyn, NY 11225
C1-2533 Ocean Ave, Brooklyn, NY, 11225
$899,000
For Sale
$899,000
Ground-floor retail/showroom with restroom, plus cellar reception, rooms, prep area, and two additional bathrooms.
Property Size2,879 SF
Price / SF$312.26
Days on Market258
Property Features for C1-2533 Ocean Ave
General Information
- Standard status
- Active
- Size
- 2,879 SF
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Jason Zhou · License #JZ1320
(718) 612-3088
Source
Exprealty
Added: Nov 6, 2025 Updated: Jul 21 at 10:46AM Checked: Jul 21 at 10:46AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
Rare-find ground-floor commercial condo with Retail C of O, offering street-level space and additional cellar area. The ground floor features a spacious open retail/showroom area, a restroom, and a rear storage room. The cellar level includes a reception area, two private rooms, a prep/work counter with a utility sink, an oversized open space, and two additional bathrooms.
The property is located just off the Avenue U commercial corridor in a 2015 elevator building, and includes a deeded parking spot. The ground and cellar areas may be connected internally by adding a staircase.
Monthly maintenance is approximately $782.11, and annual property tax is approximately $3,528, with 7 years remaining on the tax abatement.
The property is located just off the Avenue U commercial corridor in a 2015 elevator building, and includes a deeded parking spot. The ground and cellar areas may be connected internally by adding a staircase.
Monthly maintenance is approximately $782.11, and annual property tax is approximately $3,528, with 7 years remaining on the tax abatement.
Key Highlights
- Ground‑floor retail/showroom condo with Retail C of O offering 542 SF on street level plus 2,337 SF cellar space (combined approx. 2,879 SF).
- Includes a deeded parking spot in a 2015 elevator building just off Avenue U commercial corridor.
- Street level layout: spacious open retail/showroom area, restroom, and rear storage room.
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Ground-floor retail/showroom with restroom, plus cellar reception, rooms, prep area, and two additional bathrooms.
Where is this retail space located?
The property is located at C1-2533 Ocean Ave 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: Ground‑floor retail/showroom condo with Retail C of O offering 542 SF on street level plus 2,337 SF cellar space (combined approx. 2,879 SF).; Includes a deeded parking spot in a 2015 elevator building just off Avenue U commercial corridor.; Street level layout: spacious open retail/showroom area, restroom, and rear storage room.
