D'Angelo Garvin
Price Reduced 14.47%
Listing courtesy of Douglas Elliman Real Estate
Price History
$7,600,000
5/20/2026
$6,500,000
7/7/2026
2537 Ocean Avenue, Brooklyn, (Madison), NY, 11229
22 rooms
2021
2537 Ocean Avenue presents a rare opportunity to acquire a newly developed 7-story mixed-use asset in the heart of Homecrest, Brooklyn. Spanning approximately 11,293 square feet, the property consists of 10 residential units and 2 commercial spaces, offering a strong projected income stream with a projected NOI of approximately $466,836 and a 6.14% cap rate.
Positioned along the highly trafficked Ocean Avenue corridor between Avenue U and Avenue T, the elevator building features modern construction, exceptional street presence, and floor-to-ceiling commercial storefronts with outstanding visibility. The residential component includes 7 free-market units and 3 affordable units, with many residences offering private balconies, terraces, and abundant natural light. The commercial spaces are delivered vanilla box with HVAC, plumbing, and sprinkler systems already in place, creating immediate flexibility for medical, retail, wellness, or professional use.
The property benefits from convenient access to the Q train at Avenue U, as well as multiple bus lines, placing residents and businesses in one of Southern Brooklyn's most established and densely populated neighborhoods. Surrounded by new developments, local retailers, restaurants, and neighborhood amenities, 2537 Ocean Avenue offers investors a turnkey, income-producing asset with long-term upside in a rapidly evolving corridor
Status:
Active
Town:
Brooklyn
Type:
Commercial
Laundry Remarks:
InUnit
Zoning:
R7A
Building Type:
Low-Rise
Cooling:
Unknown Type
Levels:
7
Amenities:
Sprinkler System;
Service Level:
None
Built Size:
25'x74'
OLR #:
RLS20092571
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