Seller's Agent in 2025
Michael Rastegar
Re/Max Elite
(347) 732-2749
3 in this area
61 Total Sales
LEGAL TWO-FAMILY HOME & PRIME DEVELOPMENT SITE ON OCEAN AVENUE. Well-kept detached legal two-family home situated on a 24.5 ft x 125.75 ft lot with a 19.75 ft x 62 ft building, offering both incredible living potential and significant development opportunities on prime Ocean Avenue in Brooklyn. This versatile property can serve as a comfortable two-family home or as a development site for investors and developers. Upon entering the home, you are greeted by two separate entrances leading to the two units. The owner's duplex, located on the first floor, features a spacious open-concept living and dining area, large enough to accommodate oversized furniture, including sectional sofas and full dining room sets, making it perfect for entertaining. This floor also includes a kitchen, a full bathroom, and three well-sized bedrooms, one of which is currently being used as a sunroom. The duplex also offers access to an expansive basement via interior stairs, providing ample space for recreational activities, a home gym, additional storage, or creative workspace. The basement also houses the property's utilities and includes a second bathroom for added convenience. The second unit, located on the upper floor, mirrors the spacious layout of the first, offering an open-concept living and dining area, a kitchen, three well-sized bedrooms, and a full bathroom. The property also boasts a large backyard, perfect for outdoor gatherings, gardening, or relaxation, as well as private driveway that can easily accommodate 4-5 vehicles, a rare find in this area. Beyond its residential appeal, this property stands out as a prime development opportunity thanks to its R7A zoning. The lot measures approximately 3,081 square feet, with a Residential FAR of 4, Facility FAR of 4, and an As Built FAR of 0.76, leaving an impressive 9,982 square feet of unused FAR and a maximum usable floor area of 12,324 square feet. This creates the potential to transform the property into a condominium or rental building, as Ocean Avenue is already bustling with new developments. Whether you are seeking a spacious and functional residence or exploring the potential for a transformative development project, this property offers unparalleled possibilities. Act quickly to secure this rare opportunity before it's gone! Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Co-Listed By
Peter Destefano
Re/Max Elite
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,500,000 | -- | |
| Deed | $1,500,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $900,000 | Purchase Money Mortgage | |
| Closed | $900,000 | Purchase Money Mortgage |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $1,500,000 | 0.0% | $452 / Sq Ft |
| 01/24/2025 01/24/25 | Pending | -- | -- | -- |
| 01/04/2025 01/04/25 | For Sale | $1,499,888 | -- | $452 / Sq Ft |
| 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 |
|---|---|---|---|---|
| 2025 | $8,396 | $85,620 | $21,360 | $64,260 |
| 2024 | $8,396 | $87,960 | $21,360 | $66,600 |
| 2023 | $3,953 | $77,220 | $21,360 | $55,860 |
| 2022 | $3,591 | $84,060 | $21,360 | $62,700 |
| 2021 | $3,801 | $66,300 | $21,360 | $44,940 |
| 2020 | $3,801 | $60,300 | $21,360 | $38,940 |
| 2019 | $3,232 | $60,300 | $21,360 | $38,940 |
| 2018 | $7,382 | $41,847 | $13,349 | $28,498 |
| 2017 | $7,010 | $39,480 | $14,504 | $24,976 |
| 2016 | $3,163 | $39,324 | $14,329 | $24,995 |
| 2015 | $1,722 | $37,099 | $14,000 | $23,099 |
| 2014 | $1,722 | $35,001 | $12,994 | $22,007 |
Seller's Agent in 2025
Michael Rastegar
Re/Max Elite
(347) 732-2749
3 in this area
61 Total Sales
P
Seller Co-Listing Agent in 2025
Peter Destefano
Re/Max Elite
N
Buyer's Agent in 2025
Non-Member Agent
Non-Member Office
Source: NY State MLS
MLS Number: 11402993
APN: 07324-0026