Courtesy of: Joseph F. Girgenti, Ben Bay Rlty Co of Ave U LLC, Joseph.Girgenti@gmail.com
Courtesy of: Joseph F. Girgenti, Ben Bay Rlty Co of Ave U LLC, Joseph.Girgenti@gmail.com
$3,900,000
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20,240 square feet
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25.00 Bath (25 Full)
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Lot: 0.17 Acres
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Other
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$3,900,000
265 Ocean Avenue Prime Prospect Park Location | 25-Unit Multifamily Investment Opportunity Presenting an exceptional investment opportunity at 265 Ocean Avenue, a well-maintained, 25-unit multifamily apartment building ideally situated on Ocean Avenue between Lincoln Road and Parkside Avenue, directly across from Prospect Park in one of Brooklyn's most desirable residential corridors. This four-story property features 50 feet of frontage and a building depth of approximately 119 feet, with a desirable apartment mix consisting of 8 one-bedroom apartments, 14 two-bedroom apartments, and 3 three-bedroom apartments. The property generates an impressive Annual Gross Operating Income of $491, 844 and Net Operating Income (NOI) of $226, 542.96, providing investors with an established income-producing asset in a highly sought-after rental market. Located just minutes from Prospect Park, public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from a prime location that continues to attract strong residential rental demand. 265 Ocean Avenue represents an outstanding opportunity for investors seeking a substantial multifamily asset with consistent income, long-term appreciation potential, and enduring value in one of Brooklyn's most established and desirable neighborhoods.
Courtesy of: Joseph F. Girgenti, Ben Bay Rlty Co of Ave U LLC, Joseph.Girgenti@gmail.com
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