1187 Ocean Avenue

Highlights:

• Development Opportunity on Ocean Avenue in Midwood, Brooklyn.
• Can be delivered with approved plans for a 25-unit 60 story elevator multi-family building + community facility.
• Proposed plans consists of 17,956 residential buildable square feet and 4,566 community facility buildable square feet.
• Property will be delivered vacant.
• Property is eligible for the 485x.
• Comparable condo sales are approximately $1000 per sqft.
• Property is in proximity of the B & Q subway lines at the Newkirk Plaza Train Station.

Description:

1187 Ocean Avenue presents a development opportunity in Brooklyn's thriving Midwood neighborhood. The property can be delivered with approved plans for a 25-unit, 6-story elevator-serviced multi-family building, including 17,956 square feet of residential space and an additional 4,566 square feet designated for a community facility. Located near the B and Q subway lines at Newkirk Plaza, the site offers excellent transit access, making it appealing to potential residents.

1187 Ocean Avenue is situated in the Midwood neighborhood of Brooklyn, NY, within Kings County. It is positioned near major thoroughfares, with easy access to Ocean Parkway and Coney Island Avenue, and is well-served by public transportation, including the Q subway line at Avenue H and nearby bus routes. The property is in proximity to local amenities, including shopping, dining, and parks, making it a centrally located address within Brooklyn.

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