2786 Ocean Ave Brooklyn, NY 11229
Sheepshead Bay NeighborhoodEstimated payment $13,482/month
About This Home
This semi-detached 2-family property sits on a 24x125 lot and offers exceptional potential for investors, builders, and developers. Located in an R7A zoning district, the property presents a strong opportunity for future redevelopment, including the possibility of a condominium project (subject to architect and city approvals). The existing structure is being sold as is, making it ideal for those looking to customize, reposition, or build new. The property features a shared driveway and benefits from strong visibility on a high-traffic corridor. Conveniently located near the B3 Bus and New York City Subway Q line, offering easy access to Manhattan and surrounding Brooklyn neighborhoods. Just moments from Emmons Avenue and Shore Boulevard, enjoy proximity to Sheepshead Bay’s vibrant waterfront dining, shopping, and lifestyle amenities. A rare opportunity to secure a versatile property in a high-demand location with strong upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,422
Year Built
- Built in 1930
Lot Details
- 2,990 Sq Ft Lot
- Lot Dimensions are 125 x 23
- Back Yard
Home Design
- Brick Exterior Construction
- Block Foundation
- Pitched Roof
- Shingle Roof
Interior Spaces
- 3 Full Bathrooms
- 2,640 Sq Ft Home
- 2-Story Property
- Parquet Flooring
- Finished Basement
Parking
- 2 Parking Spaces
- Shared Driveway
Utilities
- Window Unit Cooling System
- Heating System Uses Steam
- Heating System Uses Gas
- 110 Volts
- Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Block 7404
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,679 | $87,900 | $18,300 | $69,600 |
| 2025 | $10,075 | $79,560 | $18,300 | $61,260 |
| 2024 | $10,075 | $93,600 | $18,300 | $75,300 |
| 2023 | $9,780 | $101,040 | $18,300 | $82,740 |
| 2022 | $9,098 | $95,100 | $18,300 | $76,800 |
| 2021 | $9,591 | $81,600 | $18,300 | $63,300 |
| 2020 | $4,635 | $83,040 | $18,300 | $64,740 |
| 2019 | $8,745 | $79,860 | $18,300 | $61,560 |
| 2018 | $8,180 | $40,128 | $10,860 | $29,268 |
| 2017 | $7,742 | $37,977 | $14,371 | $23,606 |
| 2016 | $7,592 | $37,977 | $12,913 | $25,064 |
| 2015 | $4,321 | $36,924 | $13,379 | $23,545 |
| 2014 | $4,321 | $34,836 | $12,622 | $22,214 |
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 |
|---|---|---|---|---|
| 05/25/2026 05/25/26 | For Sale | $2,349,000 | -- | $890 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $597,000 | -- | |
| Deed | $280,000 | Commonwealth Land Title Ins |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $447,000 | Purchase Money Mortgage | |
| Previous Owner | $210,000 | No Value Available |
Source: Brooklyn Board of REALTORS®
MLS Number: 501577
APN: 07404-0032
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