1470 Ocean Ave, Brooklyn, NY 11230
Exceptional Residential Development Opportunity ● $3,990,000 ● | Approximately 25,000 Square Feet | R7A Zoning ● + 6000SF Air Rights ● Rare and extraordinary opportunity to acquire a premier residential development site. ● Comprises two existing multi-family buildings and an expansive lot. Property Highlights: ● Two three-story multi-family buildings ● Private driveway and garage ● Spacious 50x125 lot ● R7A Zoning permits transformative development ● Competitive pricing Package Deal: ● This property is offered for sale in conjunction with 6000 SF of AIr Rights Investment Features: ● Prime location Ocean Ave Of Ave J ● Exceptional development potential ● Luxury living opportunities ● Significant value appreciation Contact Zuz Realty: ● 917-873-8411 ● zuzrealty@ zuzrealty.com Confidentiality Notice: ● This information is confidential and intended solely for the recipient.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.