1187 Ocean Avenue, Brooklyn, NY, 11230

1187 Ocean Avenue Brooklyn, NY 11230

1187 Ocean Avenue, Brooklyn, NY, 11230
1187 Ocean Avenue, Brooklyn, NY, 11230
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,600,000
Last Verified:
Dec 18, 2024

Daily Email Blast
0 times


Highlights

  • Development Opportunity on Ocean Avenue in Midwood, Brooklyn.
  • Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
  • Proposed plans consists of 17,956 residential buildable square feet and 4,566 community facility buildable square feet.
  • Property will be delivered vacant.
  • Property is in proximity of the B & Q subway lines at the Newkirk Plaza Train Station.

Description

1187 Ocean Avenue presents a development opportunity in Brooklyn's thriving Midwood neighborhood. The property can be delivered with approved plans for a 25-unit, 6-story elevator-serviced multi-family building, including 17,956 square feet of residential space and an additional 4,566 square feet designated for a community facility. Located near the B and Q subway lines at Newkirk Plaza, the site offers excellent transit access, making it appealing to potential residents.

1187 Ocean Avenue is situated in the Midwood neighborhood of Brooklyn, NY, within Kings County. It is positioned near major thoroughfares, with easy access to Ocean Parkway and Coney Island Avenue, and is well-served by public transportation, including the Q subway line at Avenue H and nearby bus routes. The property is in proximity to local amenities, including shopping, dining, and parks, making it a centrally located address within Brooklyn.

Building Size: 2606sq ft
Lot Size: 0 acres

Map of 1187 Ocean Avenue, Brooklyn, NY, 11230

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.