Listed by Tri State Commercial
$7,600,000
2537 Ocean Avenue
Details
APN 7325 / 52
Property Type Mixed Use
Square Footage 11,293
Units 10
Cap Rate 6.10%
NOI $466,836
Occupancy 30%
Tenancy Multi
Year Built 2024
Stories 7
Lot Size (SqFt) 2,787
Zoning R7A
Investment Type Stabilized
Mixed Use | 6.10% CAP | 11,293 SqFt
Marketing description
2537 Ocean Avenue presents a compelling mixed-use investment opportunity in Flatbush, Brooklyn, featuring 2 commercial units and 10 residential units 7 free market and 3 affordable housing with a current cap rate of 6.1% and a FAR of 4.05. The ADA-compliant building offers elevator access, ground-floor glass storefronts with floor to-ceiling windows, and exceptional street visibility along the busy Ocean Avenue corridor. Commercial units are delivered vanilla box with an open floor plan, and HVAC, plumbing, and sprinklers already in place making this a turnkey, income-generating asset ideal for owner-users and investors alike.
Investment highlights
- ADA-compliant building with elevator access
- Ground-floor glass storefronts with floor-to-ceiling windows
- Exceptional street visibility along busy Ocean Avenue corridor
- Commercial units delivered vanilla box with open floor plan
- HVAC, plumbing, and sprinklers already in place
- Turnkey, income-generating asset
- 2 commercial units and 10 residential units
- 7 free market and 3 affordable housing units
- FAR of 4.05
- Current cap rate of 6.1%
Listing Contacts
Listed by Tri State Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$466,836.00
$38,903.00/mo
Valuation Metrics
0
DSCR
6.14%
Cap Rate
6.14%
ROI
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