2514 Ocean Avenue, Brooklyn, NY 11229
Local realty services provided by:CENTURY 21 Awaye Realty
2514 Ocean Avenue,Brooklyn, NY 11229
$1,498,000
- 8 Beds
- 2 Baths
- 1,938 sq. ft.
- Multi-family
- Pending
Listed by: xinyi qian
Office: one realty global corp
MLS#:RLS20121271
Source:NY_REBNY
Price summary
- Price:$1,498,000
- Price per sq. ft.:$772.96
About this home
What’s Special<br><br>Prime R7A Development Opportunity – 2514 Ocean Avenue, Brooklyn<br><br>Positioned along Brooklyn’s dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential.<br><br>Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment.<br><br>Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations.<br><br>Development Potential<br><br>The true value lies in its R7A zoning designation.<br><br>Residential FAR up to 4.0 (buyer to verify independently)<br><br>Potential for approximately 12,000 buildable square feet (ZSF)<br><br>Estimated capacity for up to 8 stories<br><br>Potential configuration of approximately 14 one-bedroom condominium units<br><br>Subject to zoning analysis, architectural planning, and city approvals<br><br>Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building.<br><br>Strategic Location<br><br>Located within:<br><br>Brooklyn Community District 15<br><br>City Council District 48<br><br>The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities.<br><br>Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn’s steadily appreciating markets.<br><br>All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility....
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Home facts
- Year built:1930
- Subdivision & Development:Madison
- Listing ID #:RLS20121271
- Added:3 day(s) ago
- Updated:October 20, 2026 at 08:11 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,938 sq. ft.
Structure and exterior
- Year built:1930
- Building area:1,938 sq. ft.
- Architectural Style:Prewar
- Exterior Features:Patio
- Levels:2 Story
Finances and disclosures
- Price:$1,498,000
- Price per sq. ft.:$772.96
- Tax amount:$9,031
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