Seller's Agent in 2023
Marty Vandenburg
Keller Williams Legendary
(917) 346-8108
1 in this area
57 Total Sales
Estimated Value: $1,669,270
Introducing 729 Ocean Parkway, a premier mixed-use property nestled in the vibrant heart of Brooklyn. This splendid brick construction represents a unique opportunity for the discerning investor or developer, with the added advantage of R7A zoning. The property hosts an expansive professional office on the first floor, perfectly suited for a broad range of businesses. The well-designed layout includes a large entry space or living room. three private rooms(3bedrooms), a bathroom, and an abundance of additional space that can be effortlessly adapted to fit any specific requirements. Head upstairs to the second floor to discover a well maintained 2-bedroom residential apartment. This generously proportioned residence exudes charm and comfort with a formal dining room, a welcoming living room, and other essential amenities that cater to a comfortable and modern lifestyle. Notably, the R7A zoning allows for further development, offering the potential for growth and considerable return on investment. With the possibility to build up to seven plus floors, developers can exploit the opportunity to create additional residential units or commercial spaces, or a combination of both, to meet the market's ever-growing demand. The property's location adds significant value, set amidst the bustling, culturally rich, and diverse Brooklyn neighborhood. 729 Ocean Parkway sits in close proximity to an array of shops, cafes, restaurants, and parks. Public transportation is easily accessible, promising a comfortable commute to various parts of the city. In conclusion, 729 Ocean Parkway is a rare find. With its mix of current functionality and future potential, it promises a remarkable investment opportunity. Whether you are an investor seeking a reliable income-generating asset or a developer envisioning your next project, this property presents an unparalleled opportunity that is not to be missed.
Last Agent to Sell the Property
Keller Williams Legendary Brokerage Phone: 718-475-2700 License #10401344247 Listed on: 06/15/2023
Last Buyer's Agent
Keller Williams Legendary Brokerage Phone: 718-475-2700 License #10401344247 Listed on: 06/15/2023
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Light Of Hope Inc | $1,500,000 | -- | |
| Shandee Fuchs Trustee Of The | -- | -- |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2023 10/12/23 | Sold | $1,500,000 | -11.8% | -- |
| 06/15/2023 06/15/23 | For Sale | $1,699,999 | -- | -- |
| 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 | $7,543 | $58,860 | $13,500 | $45,360 |
| 2024 | $7,543 | $66,300 | $13,500 | $52,800 |
| 2023 | $7,196 | $58,620 | $13,500 | $45,120 |
| 2022 | $7,003 | $57,360 | $13,500 | $43,860 |
| 2021 | $7,382 | $51,180 | $13,500 | $37,680 |
| 2019 | $6,547 | $54,360 | $13,500 | $40,860 |
| 2018 | $6,019 | $29,527 | $8,799 | $20,728 |
| 2017 | $5,959 | $29,232 | $9,343 | $19,889 |
| 2016 | $5,844 | $29,232 | $11,205 | $18,027 |
| 2015 | $3,326 | $27,644 | $12,720 | $14,924 |
| 2014 | $3,326 | $26,080 | $11,903 | $14,177 |
Seller's Agent in 2023
Marty Vandenburg
Keller Williams Legendary
(917) 346-8108
1 in this area
57 Total Sales
Source: OneKey® MLS
MLS Number: KEY3485140
APN: 05428-0008