BIG 4 family on Ocean Ave, with potential for a development

A Value-Add property:

Great location, great in size, great in building potential.

Located on Ocean Ave in Midwood, close to Brooklyn College, the Q subway line, & a Mt Sinai facility. Legal 4 family semi-detached Brick building, 2 story high with an additional finished basement. Currently built about 20/82, on a 25/150 lot, mostly R7 (the last 25 foot is R2). A building on a similar lot was developed in 2014 into a 9,770 sqft 12 unit building. The house is currently fully occupied with paying tenants (free market but low rent) and is selling as-is, fully occupied.

Lot size: 20/150, zoning R7A (mostly)/R2

Building size: 20/82

Legal 4 family building
Asking: $1,599,000

Ocean Ave Pic.jpg
Ocean Ave Map.jpg

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