2145 Ocean Avenue

Brooklyn, NY 11229

Calling All Investors, Developers, & End-Users!!! 6.05 Cap 100% Occupied 40 Unit Apartment Building On A Huge 11,000 Sqft. Lot In Brooklyn For Sale!!! The Property Features Excellent Signage, Great Exposure, R7A Zoning, High 9’ Ceilings, 2 Skylights, 4 Stories, 3 Phase Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Madison Just Off Kings Hwy. Near Kings Plaza & Minutes From The Belt Pkwy.!!! Neighbors Include T-Mobile, Target, ShopRite, CubeSmart Self Storage, Extra Space Storage, Staples, Petco, T.J. Maxx, CVS, Dunkin’, Walgreens, Burlington, Michaels, CityMD, Meineke Car Care Center, Raising Cane’s, Aldi, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Apt A1: $15,270.72 Ann.; Lease Exp.: 11/30/27. Apt. A2: $14,159.76 Ann.; Lease Exp.: 10/14/26. Apt. A3: $18,852.72 Ann.; Lease Exp.: 8/31/27. Apt. A4: $21,600 Ann. Super. Apt. A5: $16,561.08 Ann.; Lease Exp.: 9/30/27. Apt. A6: $15,529.56 Ann.; Lease Exp.: 5/31/28. Apt. A7: $16,469.28 Ann.; Lease Exp.: 5/31/27. Apt. A8: $17,205.96 Ann.; Lease Exp.: 12/31/27. Apt. A9: $16,978.80 Ann.; Lease Exp.: 5/31/28. Apt. A10: $16,15896 Ann.; Lease Exp.: 4/30/27. Apt. B1: $25,200 Ann.; Lease Exp.: 3/31/27. Apt. B2: $15,115.44 Ann.; Lease Exp.: 8/31/27. Apt. B3: $15,154.92 Ann.; Lease Exp.: 6/30/27. Apt. B4: $224,407.28 Ann.; Lease Exp.: 8/31/28. Apt. B5: $16,860.84 Ann.; Lease Exp.: 7/31/27. Apt. B6: $19,988.88 Ann.; Lease Exp.: 4/30/27. Apt. B7: $15,993.72 Ann.; Lease Exp.: 5/31/27. Apt. B8: $17,700 Ann.; Lease Exp.: 2/28/27. Apt. B9: $12,975.48 Ann.; Lease Exp.: 3/31/27. Apt. B10: $18,171.48 Ann.; Lease Exp.: 11/30/26. Apt. C1: $24,291.96 Ann.; Lease Exp.: 5/31/28. Apt. C2: $16,456.68 Ann.; Lease Exp.: 12/31/26. Apt. C3: $17,556 Ann.; Lease Exp.: 12/31/27. Apt. C4: $12,715.08 Ann.; Lease Exp.: 3/31/27. Apt. C5: $18,776,04 Ann.; Lease Exp.: 11/30/27. Apt. C6: $19,192.08 Ann.; Lease Exp.: 11/30/26. Apt. C7: $19,200 Ann.; Lease Exp.: 4/30/28. Apt. C8: $16,176.60 Ann.; Lease Exp.: 5/31/28. Apt. C9: $19,662.48 Ann.; Lease Exp.: 5/31/28. Apt. C10: $17,987.40 Ann.; Lease Exp.: 1/31/28. Apt. D1: $22,354.08 Ann.; Lease Exp.: 3/31/27. Apt. D2: $18,627.12 Ann.; Lease Exp.: 7/31/26. Apt. D3: $18,112.68 Ann.; Lease Exp.: 12/31/26. Apt. D4: $23,038.92 Ann.; Lease Exp.: 8/31/26. Apt. D5: $17,734.68 Ann.; Lease Exp.: 8/31/26. Apt. D6: $18,355.20 Ann.; Lease Exp.: 5/31/28. Apt. D7: $16,810.44 Ann.; Lease Exp.: 12/31/26. Apt. D8: $17,642.16 Ann.; Lease Exp.: 2/28/28. Apt. D9: $16,823.64 Ann.; Lease Exp.: 5/31/28. Apt. D10: $16,686 Ann.; Lease Exp.: 2/28/27. Gross Income: $718,554.12 Ann. Expenses: Fuel: $43,031.92 Ann. Electric: $2,861.80 Ann. Water & Sewer: $33,764.48 Ann. Insurance: $17,954.11 Ann. Maintenance & Repairs: $19,964.95 Ann. Taxes: $107,930.10 Ann. Total Expenses: $225,507.36 Ann. Net Operating Income (NOI): $493,046.76 Ann. (6.05% Cap!!!)

Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com


Based on information submitted to the MLS GRID as of 2026-10-06 12:38 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.