1278 Ocean Parkway Prime Ocean Parkway opportunity in the heart of Midwood, offering a Rare blend of comfortable living and exceptional investment potential. This expansive, well-maintained 4-level property is thoughtfully designed for maximum functionality and income generation. Situated on a 20.58' x 150' lot with a building footprint of 20.33' x 72' and approximately 5, 376 square feet, the property features two full-floor residential apartments, a professional medical office, a versatile lower level and a large back yard. This property with R-6A zoning can also be redesigned with one more level added to a total of 7, 800 sf. Each residential unit boasts a spacious full-floor layout with 3 bedrooms and 2 bathrooms, complemented by abundant natural light throughout. The apartments include a large living room, a separate windowed kitchen, and a dining area with access to a private balcony-ideal for both everyday living and entertaining. The first-floor medical office is in excellent condition and well-suited for professional use, featuring a reception area, waiting room, five exam rooms/offices, and two bathrooms. The high-ceiling lower level offers exceptional flexibility, including a large recreation/event space with a kitchenette and bathroom, a private office, storage room, laundry area, and mechanical room-perfect for extended use or additional income opportunities.