85 Rockaway Ave Brooklyn, NY 11233
Ocean Hill NeighborhoodEstimated payment $9,821/month
Highlights
- Wood Flooring
- 4-minute walk to Rockaway Avenue (A,C Line)
- Recessed Lighting
- P.S. 165 Ida Posner Rated 9+
- Galley Kitchen
- 4-minute walk to Marion Hopkinson Playground
About This Home
A standout mixed-use opportunity in the Ocean Hill section of Brooklyn, offering the kind of income, flexibility, and updated finishes investors look for! This property features a commercial storefront with basement space plus two updated 2-bedroom apartments, generating current gross rental income of $10,300/month, or $123,600 annually. The storefront and basement are rented together for $5,000/month, with the residential apartments rented for $2,500/month and $2,800/month. The building offers approximately 2,504 SF on a 1,444 SF lot, with two stories, strong retail frontage, and a practical mixed-use layout. The residential units feature modern finishes, hardwood floors, stainless steel appliances, exposed ductwork, recessed lighting, a designated laundry area, and two bathrooms total, with one bathroom on each floor. One apartment is expected to become vacant soon, creating added flexibility for an owner-user, investor re-rental, or future upside. The location offers convenient access to multiple transit options, including the A/C train at Rockaway Avenue, the J/Z at Chauncey Street, the L train at Bushwick Avenue, and the Broadway Junction transit hub. Surrounded by residential density, neighborhood retail, and everyday services, this property combines storefront income, residential income, basement space, updated interiors, and long-term Brooklyn upside in one compelling package! Amazing opportunity in the heart of Ocean Hill!
Listing Agent
New Home Mega Management Corp Brokerage Phone: 718-808-2030 License #10311205952 Listed on: 07/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,665
Year Built
- Built in 1931
Parking
- Off-Street Parking
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- Recessed Lighting
- Galley Kitchen
- Washer and Dryer Hookup
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Schools
- Brooklyn Landmark Elementary School
- Brooklyn Collegiate Middle School
- Brooklyn Democracy Academy High School
Additional Features
- 1,444 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- 3 Units
Listing and Financial Details
- Legal Lot and Block 4 / 1534
- Assessor Parcel Number 01534-0004
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 | $7,854 | $83,640 | $8,820 | $74,820 |
| 2025 | $7,548 | $63,600 | $8,820 | $54,780 |
| 2024 | $7,548 | $51,360 | $8,820 | $42,540 |
| 2023 | $7,200 | $63,000 | $8,820 | $54,180 |
| 2022 | $6,677 | $54,600 | $8,820 | $45,780 |
| 2021 | $6,858 | $51,900 | $8,820 | $43,080 |
| 2020 | $3,409 | $51,900 | $8,820 | $43,080 |
| 2019 | $6,794 | $47,940 | $8,820 | $39,120 |
| 2018 | $6,457 | $31,674 | $6,070 | $25,604 |
| 2017 | $2,580 | $12,658 | $3,692 | $8,966 |
| 2016 | $2,387 | $11,942 | $4,180 | $7,762 |
| 2015 | $1,440 | $11,942 | $5,016 | $6,926 |
| 2014 | $1,440 | $11,851 | $5,730 | $6,121 |
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 |
|---|---|---|---|---|
| 07/07/2026 07/07/26 | For Sale | $1,690,000 | -- | $675 / 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 | $50,000 | -- | |
| Deed | $340,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | Commonwealth Land Title Ins | |
| Deed | -- | -- | |
| Deed | -- | -- |
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 |
|---|---|---|---|
| Open | $650,000 | Unknown | |
| Previous Owner | $340,000 | Commercial |
Source: OneKey® MLS
MLS Number: 1023103
APN: 01534-0004
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Based on information submitted to the MLS GRID
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