1730 Ocean Ave, Brooklyn, NY 11230

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.