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Bill Bone

bill.bone@compass.com +1(917) 312-7773

Listing Courtesy of Douglas Elliman Real Estate

Est. payment | -/mo

11 Beds

13 Baths

Save

Est. payment | -/mo

Save

11 Beds

13 Baths

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Madison

MLS Listing ID RLS20092571

Bedrooms 11

Full Baths 12

Half Baths 1

HOA Y/N No

Year Built 1930

Annual Tax Amount $6,000

Property Sub-Type Mixed Use

Property Description

2537 Ocean Avenue presents a rare opportunity to acquire a newly developed 7-story mixed-use asset in the heart of Homecrest, Brooklyn. Spanning approximately 11,293 square feet, the property consists of 10 residential units and 2 commercial spaces, offering a strong projected income stream with a projected NOI of approximately $466,836 and a 6.14% cap rate. Positioned along the highly trafficked Ocean Avenue corridor between Avenue U and Avenue T, the elevator building features modern construction, exceptional street presence, and floor-to-ceiling commercial storefronts with outstanding visibility. The residential component includes 7 free-market units and 3 affordable units, with many residences offering private balconies, terraces, and abundant natural light. The commercial spaces are delivered vanilla box with HVAC, plumbing, and sprinkler systems already in place, creating immediate flexibility for medical, retail, wellness, or professional use. The property benefits from convenient access to the Q train at Avenue U, as well as multiple bus lines, placing residents and businesses in one of Southern Brooklyn's most established and densely populated neighborhoods. Surrounded by new developments, local retailers, restaurants, and neighborhood amenities, 2537 Ocean Avenue offers investors a turnkey, income-producing asset with long-term upside in a rapidly evolving corridor

Location

State NY

County Kings

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Other

Fireplace No

Appliance Washer Dryer Allowed

Laundry Washer Hookup, In Unit

Exterior

Exterior Feature None

Pool Building None

View Y/N No

View Other

Porch None

Private Pool Yes

Building

Dwelling Type Mixed Use

Story 2

New Construction No

Others

Pets Allowed Pets Allowed

Tax ID 07325-0052

Ownership None

Monthly Total Fees $500

Special Listing Condition Standard

Pets Allowed Building Yes, No

RLS Data display by Real Estate Professionals

GET MORE INFORMATION

Bill Bone

Broker Associate | Lic# 10301210607

bill.bone@compass.com

+1(917) 312-7773

110 5th Ave. 3rd Floor, New York, NY 10011

2537 OCEAN Avenue Brooklyn, NY 11229

Bill Bone

Key Details

Location

Rooms

Interior

Exterior

Building

Others

2537 OCEAN Avenue

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