1187 Ocean Avenue, Midwood, Brooklyn | Development | $3,800,000

Home/Investment Sales/Exclusive Investment Sales/1187 Ocean Avenue, Midwood, Brooklyn | Development | $3,800,000

1187 Ocean Avenue, Midwood, Brooklyn | Development | $3,800,000

$3,800,000.00

Offering Memorandum

Details

  • Development opportunity on Ocean Avenue in Midwood, Brooklyn.
  • Delivered with approved plans for a 25-unit, 60 story elevator multi-family building + community facility.
  • Property consists of 17,956 residential buildable square feet and 4,566 community facility buildable square feet.
  • Property is in proximity of the [B] & [Q] subway lines at the Newkirk Plaza Train Station.
  • Lot Size: 4,675 SF (42.5′ x 110′)
  • Building Size: 2,606 SF (24′ x 40′)
  • Number of Units: 25
  • Stories: 2.5
  • Zoning: R7A
  • F.A.R (As Built): 4.0 (0.56)
  • Total Buildable: 17,956 SF +/-
  • Cross Streets: Farragut Road & Glenwood Road
  • Year Built: 1910
  • The asking price is set at $3,800,000 ~ please speak to exclusive agents for more details

Additional Information

Asset Type

Development

City

Brooklyn

Neighborhood

Midwood

Broker

Sadya Liberow, Mark Akilov

Price

$ 3,800,000

Map

 

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