$2,580,000

Estimated payment $18,791/month

Total Views 8,296
-- Bed
17 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • 5-minute walk to Newkirk Avenue (B,Q Line)
  • Back Yard
  • Ditmas Junior High school Rated A-
  • Heating System Uses Steam

About This Home

Prime investment opportunity in a highly desirable Brooklyn location! This full building on Ocean Avenue, between Foster Avenue and Glenwood Road, features all units newly renovated with brand-new electrical, plumbing, and piping throughout. Stable rent-stabilized tenants and high occupancy ensure consistent income. Well-maintained property in a vibrant neighborhood with strong rental demand. A rare chance to own a turnkey asset in one of Brooklyn’s sought-after areas.

Listing Agent

David Feng

E House Realty & Mgt. Inc. Listed on: 08/15/2025

Co-Listing Agent

Selyna Eng

E House Realty & Mgt. Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $61,189

Year Built

  • Built in 1931

Lot Details

  • 5,550 Sq Ft Lot
  • Lot Dimensions are 111 x 50
  • Back Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 17 Full Bathrooms
  • 4-Story Property
  • Basement Cellar
  • Stove

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5240

Community Details

Overview

  • 17 Units

Building Details

  • 17 Vacant Units
  • Fuel Expense $20,000
  • Insurance Expense $15,000
  • Utility Expense $3,200
  • Gross Income $295,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$61,189

Year Built

Built in 1931

Lot Details

5,550 Sq Ft Lot

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Length: 80.00
  • Building Width: 50.00
  • Co List Office Mls Id: 117390
  • Co List Office Phone: (718) 680-2776
  • Confirmed By M L S Y N: Yes
  • Cross Street: Foster Avenue
  • Cross Street Name2: Glenwood Road
  • Handicap Access Y N U: No
  • Heat Delivery: Steam/Radiator
  • Number Of Available Units: 17
  • Number Of Families: 17
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: Refrigerator, Stove
  • Building Stories: 4
  • Street Name I D X: Ocean
  • Year Built: 1931
  • Special Features: None
  • Stories: 4

Interior Features

  • Basement Full Bathrooms: 17
  • Flooring: Carpeting, Ceramic, Hardwood
  • Lot Sq Ft: 5550

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 107
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V, 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 20000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 111
  • Lot Size Width: 50

Multi Family

  • Annual Gross Expense: 110389.00
  • Annual Gross Income: 295240
  • Insurance Expense: 15000.00
  • Unit Count: 17
  • Annual Utility Expenses: 3200.00

Tax Info

  • Flip Tax Amount: 61189.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $61,189 $549,000 $100,350 $448,650
2025 $59,837 $527,850 $100,350 $427,500
2024 $59,837 $508,500 $100,350 $408,150
2023 $55,853 $500,400 $100,350 $400,050
2022 $42,995 $491,850 $100,350 $391,500
2021 $47,551 $418,950 $100,350 $318,600
2020 $19,693 $391,950 $25,650 $366,300
2019 $37,452 $391,950 $25,650 $366,300
2018 $33,632 $346,950 $25,650 $321,300
2017 $30,106 $306,900 $25,650 $281,250
2016 $26,826 $247,950 $25,650 $222,300
2015 $16,502 $242,100 $25,650 $216,450
2014 $16,502 $178,200 $25,650 $152,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/29/2026 03/29/26 Price Changed $2,580,000 -3.7% --
02/14/2026 02/14/26 Price Changed $2,680,000 -6.9% --
08/15/2025 08/15/25 For Sale $2,880,000 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 495067

Brooklyn Board of REALTORS®

APN: 05240-0107

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