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Commercial Acquisitions Realty Services
Property Details
- Property Type Multi-Family
- Property Size 22,916 SF
- Lot Size 0.11 Acre
- Cap Rate % 6.35
- Rental Income / YR $693,552.00
- NOI / YR $584,441.00
- Taxes / YR $3,040.00
- Zoning R7A
- # of Floors 8
- Year Built 2017
- Date Updated Mar 16, 2026
Presenting a rare opportunity to acquire a modern 22-unit residential building located at 1191 Ocean Ave in the heart of Brooklyn’s vibrant Midwood neighborhood. Built in 2017, this impressive eight-story elevator building offers 42 feet of frontage and features a well-balanced unit mix consisting of nine two-bedroom apartments, eleven one-bedroom apartments, one studio, and a spacious two-bedroom duplex. The property benefits from a tax abatement in place through June 2033, providing investors with significant long-term value and predictable operating expenses.
Designed for both comfort and convenience, the building includes a private rear courtyard that offers residents a quiet outdoor retreat. Its prime Ocean Avenue location places it within close proximity to public transportation, making commuting throughout Brooklyn and into Manhattan both easy and efficient. With its modern construction, attractive unit distribution, and strong location in a desirable residential corridor, this property represents an exceptional investment opportunity in one of Brooklyn’s established neighborhoods.
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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76/100
Walk Score ®
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100/100
Transit Score ®
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77/100
Bike Score ®
Location
- City Brooklyn, NY
- Neighborhood Midwood
- Zip Code 11230
- Market Brooklyn
Points of Interest
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Avenue H
0.37 miles
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Flatbush Avenue–Brooklyn College
0.52 miles
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Avenue J
0.61 miles
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Cortelyou Road
0.61 miles
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Juniors Car Service
0.65 miles
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Mex Cabs
0.66 miles
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Beverley Road
0.82 miles
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Church Ave Express Car Service
1.33 miles
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Church Ave
1.34 miles
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Fort Hamilton Parkway
1.53 miles
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Allegiance
0.44 miles
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Speedway
0.55 miles
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BP
0.62 miles
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Sunoco
0.62 miles
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Citgo
0.93 miles
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Shell
0.99 miles
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EVgo
1.90 miles
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Tesla Supercharger
2.54 miles
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plugNYC
2.77 miles
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FLO
2.79 miles
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Eastern Fruits and Vegetables
0.60 miles
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US Postal Service
0.68 miles
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Pathmark
1.10 miles
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CVS
1.33 miles
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Kings County Parking Garage
1.81 miles
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Fine Fare
1.90 miles
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Roosevelt Savings Bank
2.39 miles
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Chase Bank Parking
2.42 miles
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Car Park Systems
2.49 miles
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Ultra Car Park Systems
2.51 miles
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Best Western Plus
0.54 miles
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Ramada
0.59 miles
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Brooklyn Vybe Hotel, Ascend Hotel Collection
0.86 miles
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Home
1.55 miles
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Days Inn
1.75 miles
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Holiday Inn Express
2.24 miles
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Knights Inn
2.26 miles
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King Hotel
2.51 miles
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The Vue Hotel Express
2.67 miles
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Phoenix Hotel
2.69 miles
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C-Town
0.28 miles
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Target
0.59 miles
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Berry Goods Supermarket
0.61 miles
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Key Food
0.63 miles
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Flatbush Food Co-Op
0.66 miles
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Natural Frontier Market
0.68 miles
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Ideal Food Basket
0.78 miles
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Sears
0.82 miles
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Interfood
0.88 miles
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Amazing Savings
1.04 miles
Commercial Acquisitions Realty Services
