$2,880,000

Estimated payment $20,761/month

Total Views 603
-- Bed
17 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 5,550 Sq Ft lot
  • 5-minute walk to Newkirk Avenue (B,Q Line)
  • Heating System Uses Steam
  • Ditmas Junior High school Rated A-
  • Wood Flooring
  • Back Yard

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

0

Listing Details

  • Basement Amenities: Cellar
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 4000
  • 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
  • Street Number I D X: 1096
  • 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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2025 08/15/25 For Sale $2,880,000 -- --
Source: Brooklyn Board of REALTORS®

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Source: Brooklyn Board of REALTORS®

MLS Number: 495067

Brooklyn Board of REALTORS®

APN: 05240-0107