2151-2155 Ocean Avenue - Map blueView Map

For Sale - Brooklyn - Madison


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Property Details:

Price: $11,900,000

Estimated Annual Income: $649,976

Property Type: Multi-Family

Lot Dimensions (ft): 30.0 x 100.0

Lot Area: 3,300 sq. ft.

Building Dimensions (ft): 30.0 x 80.0

Building Area: 19,200 sq. ft.


Block/Lot: 06783/0055

BIN: 3396878

Building Class: D1

Stories: 7

Total Units: 24

Corner Lot: No

Buildings on Lot: 1

Year Built: 2006

Landmark: none

Has Garage: no

Year Last Altered: n/a

Residential Units: 12

Residential Area: 19200 sq. ft.

Zoning: R7A

Floor Area Ratio:

Max FAR: 4.0

Useable Floor Area: 19,200 sq. ft.

FAR as Built: 5.82


Neighborhood: Madison

Historic District: n/a

Community District: 315

School District: 22

Census Tract: 550

2151-2155 Ocean Avenue

New construction. Two contiguous buildings consisting of 24 apartments, 2 medical offices, 10 parking spaces and laundry unit. 2155 Ocean Ave is a condo building. Property has 421A tax abatement for each lot that expires in June 2027 and June 2024 separately. There is a $5.9 million loan with Investors Bank at 3.5% with maturity in July 2023 and a 5-year option. The property is located four blocks from the Kings Highway [B, Q] train station.

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