New Listing - 07/06/2026
85 Rockaway Avenue, Brooklyn, NY, 11233
1931
A standout mixed-use opportunity in the Ocean Hill section of Brooklyn, offering the kind of income, flexibility, and updated finishes investors look for! This property features a commercial storefront with basement space plus two updated 2-bedroom apartments, generating current gross rental income of $10,300/month, or $123,600 annually. The storefront and basement are rented together for $5,000/month, with the residential apartments rented for $2,500/month and $2,800/month. The building offers approximately 2,504 SF on a 1,444 SF lot, with two stories, strong retail frontage, and a practical mixed-use layout. The residential units feature modern finishes, hardwood floors, stainless steel appliances, exposed ductwork, recessed lighting, a designated laundry area, and two bathrooms total, with one bathroom on each floor. One apartment is expected to become vacant soon, creating added flexibility for an owner-user, investor re-rental, or future upside. The location offers convenient access to multiple transit options, including the A/C train at Rockaway Avenue, the J/Z at Chauncey Street, the L train at Bushwick Avenue, and the Broadway Junction transit hub. Surrounded by residential density, neighborhood retail, and everyday services, this property combines storefront income, residential income, basement space, updated interiors, and long-term Brooklyn upside in one compelling package! Amazing opportunity in the heart of Ocean Hill!
Status:
Active
Type:
Commercial
Units:
3
Heating:
Forced Air
Cooling:
Central Air
Basement:
See Remarks
Levels:
2
Acreage:
0.03
Est. Taxes:
$7,665
Assessment
$63,600
Construction
Brick
Utilities
Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
School District:
Community District 16
Appliances:
Dryer, Microwave, Oven, Refrigerator, Washer
MLS #:
1022388
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of New Home Mega Management Corp 718-808-2030