Marcus & Millichap - Tri Borough Multi-Family

1470-1474 Ocean Avenue

1470-1474 Ocean Avenue
, Brooklyn

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Price: $3,300,000
Building Size: 25,152 Buildable Square Feet
Property Type: Development Site
Exclusive Listing Team:
Matt Fotis
Tel: 212-430-5206
Matthew(dotted)Fotis(at)marcusmillichap(dotted)com
INVESTMENT OVERVIEW:

Marcus & Millichap is pleased to offer 1470 & 1474 Ocean Avenue, located between Avenue I and Avenue J in the Midwood section of Brooklyn, NY. The subject properties include two three story residential buildings. 1470 Ocean Avenue is built 25 ft x 68 ft and sits on a 25 ft x 125.75 ft lot with approximately 4,875 gross square feet and 12,576 buildable square feet. 1474 Ocean Avenue is built 25 ft x 68 ft and sits on a 25 ft x 125.75 ft lot with approximately 6,500 gross square feet and 12,576 buildable square feet. The properties are zoned R7A and allow for approximately 25,152 total buildable square feet (Block: 06712, Lots: 0088 & 0089)

These properties offer developers the rare opportunity to purchase a development site with fifty feet of frontage on Ocean Avenue, totaling 25,152 buildable square feet as of right in the Midwood section of Brooklyn, New York.

Investment Highlights:

  • Rare Prime Midwood Development Site
  • Close Proximity to “Q” “2” “5” Subway Lines into Manhattan
  • R7A Zoning Allowing for Approximately 25,125 Total Buildable Square Feet “As of Right”
  • Two Blocks to Brooklyn College