2145 Ocean Avenue 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!!!)