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1730 Ocean Ave Immeuble residentiel 34 lots 12 511 615 € (367 989 €/Lot) Taux de capitalisation 6,40 % Brooklyn, NY 11230
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 2022 CONSTRUCTION – MODERN CLASS A ELEVATOR ASSET
- LAUNDRY ROOM
- MULTIPLE HOUSES OF WORSHIP WITHIN WALKING DISTANCE
- RECEIVES 421-A TAX ABATEMENT THROUGH 2058
- PRIVATE EXERCISE FACILITY FOR RESIDENTS
- CONVENIENT ACCESS TO RETAIL AND TRANSPORTATION ON AVENUE M AND OCEAN AVENUE
Résumé analytique
Cushman & Wakefield has been exclusively retained to offer for sale the 100% fee simple interest
in 1730 Ocean Avenue located in the Midwood neighborhood of Brooklyn, NY (the “Offering”
or the “Property”). 1730 Ocean Avenue is a 7-story elevator multifamily property comprised of
34 apartments totaling approximately 27,781 gross square feet on a 7,575 square foot lot.
The Property is currently operated as a mix of 15 free market units and 19 rent stabilized units, offering
investors both immediate cash flow stability and long-term upside through continued rent growth and
regulatory turnover. The residential unit mix consists of 23 two-bedroom units and 11 studio units, with an
average in-place net effective rent of approximately $51 per square foot.
Additionally, the Property benefits from a substantial 421a tax abatement that runs through 2058, resulting
in a dramatically reduced annual property tax burden (approximately $6,674 annually). The 421a program
structure provides a defined path to full free-market conversion following abatement expiration, driving longterm
revenue upside.
1730 Ocean Avenue is situated along one of Midwood’s most established residential corridors, surrounded by
dense housing stock and neighborhood retail. The property benefits from excellent transit access, including
proximity to the Q subway line at Avenue M and bus service along Ocean Avenue, with the B49 and BM3
express routes providing efficient service to Manhattan. Midwood remains one of Brooklyn’s most consistent
rental markets, supported by a stable tenant base, strong neighborhood amenities, close proximity to multiple
houses of worship, and sustained demand for quality apartment housing.
The Offering provides investors with a rare opportunity to acquire a modern, elevator multifamily property
in a supply-constrained Brooklyn neighborhood, featuring favorable tax treatment, a largely free-market rent
roll, and meaningful upside potential through continued leasing and operational optimization.
All inquiries should be directed to Cushman & Wakefield.
in 1730 Ocean Avenue located in the Midwood neighborhood of Brooklyn, NY (the “Offering”
or the “Property”). 1730 Ocean Avenue is a 7-story elevator multifamily property comprised of
34 apartments totaling approximately 27,781 gross square feet on a 7,575 square foot lot.
The Property is currently operated as a mix of 15 free market units and 19 rent stabilized units, offering
investors both immediate cash flow stability and long-term upside through continued rent growth and
regulatory turnover. The residential unit mix consists of 23 two-bedroom units and 11 studio units, with an
average in-place net effective rent of approximately $51 per square foot.
Additionally, the Property benefits from a substantial 421a tax abatement that runs through 2058, resulting
in a dramatically reduced annual property tax burden (approximately $6,674 annually). The 421a program
structure provides a defined path to full free-market conversion following abatement expiration, driving longterm
revenue upside.
1730 Ocean Avenue is situated along one of Midwood’s most established residential corridors, surrounded by
dense housing stock and neighborhood retail. The property benefits from excellent transit access, including
proximity to the Q subway line at Avenue M and bus service along Ocean Avenue, with the B49 and BM3
express routes providing efficient service to Manhattan. Midwood remains one of Brooklyn’s most consistent
rental markets, supported by a stable tenant base, strong neighborhood amenities, close proximity to multiple
houses of worship, and sustained demand for quality apartment housing.
The Offering provides investors with a rare opportunity to acquire a modern, elevator multifamily property
in a supply-constrained Brooklyn neighborhood, featuring favorable tax treatment, a largely free-market rent
roll, and meaningful upside potential through continued leasing and operational optimization.
All inquiries should be directed to Cushman & Wakefield.
Data room Cliquez ici pour accéder à
- Offering Memorandum
Informations sur l’immeuble
| Prix | 12 511 615 € | Style d’appartement | De hauteur moyenne |
| Prix par lot | 367 989 € | Classe d’immeuble | B |
| Type de vente | Investissement | Surface du lot | 0,07 ha |
| Taux de capitalisation | 6,40 % | Surface de l’immeuble | 2 581 m² |
| Nb de lots | 34 | Nb d’étages | 7 |
| Type de bien | Immeuble residentiel | Année de construction | 2022 |
| Sous-type de bien | Appartement | ||
| Zonage | R6A - Medium density residential district | ||
| Prix | 12 511 615 € |
| Prix par lot | 367 989 € |
| Type de vente | Investissement |
| Taux de capitalisation | 6,40 % |
| Nb de lots | 34 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | B |
| Surface du lot | 0,07 ha |
| Surface de l’immeuble | 2 581 m² |
| Nb d’étages | 7 |
| Année de construction | 2022 |
| Zonage | R6A - Medium density residential district |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Taxes foncières
| Numéro de parcelle | 06739-0057 | Évaluation des aménagements | 1 769 833 € |
| Évaluation du terrain | 279 570 € | Évaluation totale | 2 049 402 € |
Taxes foncières
Numéro de parcelle
06739-0057
Évaluation du terrain
279 570 €
Évaluation des aménagements
1 769 833 €
Évaluation totale
2 049 402 €
Contacts
-
Jeffrey Shalom -
Dylan Walsh -
Kieran Baker -
Dimitri Venekas -
Jeremy Stern -
Cushman & Wakefield
1 sur 20
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
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Présenté par
1730 Ocean Ave
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