2057 Ocean Avenue, Brooklyn, NY 11230
Local realty services provided by:CENTURY 21 Awaye Realty
2057 Ocean Avenue,Brooklyn, NY 11230
$1,200,000
- 12 Beds
- 6 Baths
- 4,800 sq. ft.
- Multi-family
- Active
Listed by: sara fellig, christopher v cavorti, donald lai
Office: corcoran group
MLS#:RLS20094956
Source:NY_REBNY
Price summary
- Price:$1,200,000
- Price per sq. ft.:$250
About this home
The Forray Team at The Corcoran Group is pleased to exclusively represent 2057 Ocean Avenue, a six-unit multifamily masonry building offering strong cash flow, and an attractive entry point into one of Brooklyn's most established residential neighborhoods. Located in the heart of Midwood, this income producing property presents a compelling opportunity for investors seeking immediate yield with attractive price point. At the asking price of $1,200,000, the opportunity of an attractive 8.39% CAP Rate is unheard of it in this market.<br> <br> Constructed in 1925, the building contains approximately 4,800SF above grade in addition to 1,500SF full height basement. The building size is 25 x 75FT sitting on a 25 ft 110FT Lot totaling approx. 2,750 Lot SF. Zoned R7A, the asset benefits from an as-built FAR of approximately 1.75 and an allowable FAR of 4.0, providing an estimated 6,200SF of additional buildable area and a total potential buildable area of approximately 11,000SF creating meaningful future long-term redevelopment/expansion opportunities. Annual RE taxes are currently $24,047 with Tax Class 2A.<br> <br> The layout consists of six (6) residential apartments, each consisting of a two-bedroom, one-bathroom layout. Several units are occupied by a non-profit entity providing stable/consistent income. Current gross annual revenue is $158,076.<br> <br> Ideally situated along Ocean Avenue, the property enjoys convenient access to neighborhood shopping, dining, community centers, and public transportation. Residents benefit from proximity to the B and Q at Kings Highway subway station (0.3 miles), providing direct connectivity to Manhattan and throughout Brooklyn. Midwood continues to attract tenants seeking a balance of neighborhood character, accessibility, and value, supporting strong long-term rental demand....
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Home facts
- Year built:1924
- Listing ID #:RLS20094956
- Added:1 day(s) ago
- Updated:June 02, 2026 at 10:57 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:6
- Full bathrooms:6
- Rooms Total:24
- Basement:Yes
- Living area:4,800 sq. ft.
Structure and exterior
- Year built:1924
- Building area:4,800 sq. ft.
- Levels:3 Story
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$250
- Tax amount:$24,048
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