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Ocean Avenue, Brooklyn, NY 11229

Home/Investment Sales/Off Market Investment Sales/Ocean Avenue, Brooklyn, NY 11229

Ocean Avenue, Brooklyn, NY 11229

$11,900,000.00

  • Two contiguous buildings consisting of 24 apartments, 2 medical offices, 10 parking spaces and laundry unit.
  • Property has 421A tax abatement for each lot that expires in June 2027 and June 2024 separately.
  • Cap Rate: 4.6%
  • NOI: $ 563,592
  • Total Buildable: 25,200 SF
  • Price BSF: $ 472

 

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Details

  • There is a $5.9 million loan with Investors Bank at 3.5% with maturity in July 2023 and a 5-year option.
  • The property is located near the [B, Q] train service

Additional Information

City

Brooklyn
Neighborhood

Madison
Broker

Mark Akilov
Price

$11,900,000

Map

 

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    215-15 Northern Boulevard,
    3rd Floor
    Bayside, NY 11361

    Phone: 646.586.2091

    Fax: 646.767.6790

    Web: www.assetcrg.com