1
Map
$1,100,000
●
Multifamily -
Off Market
2219 OCEAN Avenue
Brooklyn, NY 11229
4 Beds
3 Baths,
2
Half Baths
3,272 Ft²
$6,167
Est. Monthly
7.83%
Cap Rate
About This Property
Excellent mixed-use investment or development opportunity
(delivered vacant) on sought-after Ocean Avenue, in a prime
location in Brooklyn near all conveniences. With a medical office
on the ground floor and 2 roomy apartments above, you'll enjoy
great rental income every month; plus there's lots of
versatility for expansion if desired with 11,000 square feet of
FAR!
The building also has a full day-lit basement with windows, high ceilings and tons of storage, and a large backyard. The front entry accesses the medical office's waiting room at left, as well as a hall with stairs to the apartments on the second floor. Both units have a living/dining room, a kitchen, and full bath. One of the apartments has 3 bedrooms, and the other, has 2. Madison is a wonderful enclave nestled near the attractions of the popular Brooklyn neighborhoods, Sheepshead Bay, Marine Park, Midwood, and Coney Island. Close by are shops and restaurants, public parks, and public transportation.
The building also has a full day-lit basement with windows, high ceilings and tons of storage, and a large backyard. The front entry accesses the medical office's waiting room at left, as well as a hall with stairs to the apartments on the second floor. Both units have a living/dining room, a kitchen, and full bath. One of the apartments has 3 bedrooms, and the other, has 2. Madison is a wonderful enclave nestled near the attractions of the popular Brooklyn neighborhoods, Sheepshead Bay, Marine Park, Midwood, and Coney Island. Close by are shops and restaurants, public parks, and public transportation.
Unit Size
3,272 Ft²
Days on Market
260 days
Land Size
0.06 acres
Price per sqft
$336
Property Type
Multifamily
Property Taxes
$765
HOA Dues
-
Year Built
1930
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (RLS #RLS11011670)
Price History
Property Highlights
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Interior Features: SmokeFree
Laundry Features: BuildingOther
Rooms: 20
Basement: Other
Exterior Details
Square Footage: 3272
Year Built: 1930
Building Area Total: 3272
Building Area Units: Square Feet
Patio and Porch Features: None
Lot Size Area: 2750
Lot Size Units: Square Feet
Lot Size Acres: 0.063
Lot Size Square Feet: 2750
Lot Size Dimensions: 110.00x25.00
Tax Lot: 0073
Financial Details
Tax Annual Amount: $9,180
Utilities Details
Cooling Type: Other
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/25/2024
| |
4 Bed
|
3 Bath
|
3272 ft²
|
$1,495,000
4 Bed
3 Bath
3272 ft²
|
$1,100,000
-26.42%
06/11/2025
|
Jacqueline Torren
Corcoran Group
|
Building Info
About Southern Brooklyn
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Listed by: Jacqueline Torren
Listing Courtesy of Corcoran Group
Last Updated: 2 years ago
Last Checked: 13 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Corcoran Group
Last Updated: 2 years ago
Last Checked: 13 minutes ago
Data Source: REBNY (©2026 Real Estate Board of New York)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017