Multifamily
101 Ocean Parkway
101 Ocean Pkwy, Brooklyn, NY 11218
Listing Price: $12,900,000
Investment Overview
Marcus and Millichap are pleased to present 101 Ocean Parkway, a compelling multifamily investment opportunity in the highly desirable Windsor Terrace neighborhood of Brooklyn. Offered at $12,900,000, the property comprises 60 residential units across approximately 66,505 square feet, with an attractive average unit size of 982 square feet and a competitive price of $194 per square foot. The building benefits from a prime location with convenient access to major transportation options and amenities, supporting strong rental demand in a rapidly appreciating submarket.Zoned R7A and R6A with no remaining air rights and taxed under Class 2 with an annual tax bill of $553,035, the asset offers a clear framework for financial planning.
101 Ocean Parkway
Investment Highlights
- 101 Ocean Parkway offers 60 residential units across approximately 66,505 square feet, with an attractive average unit size of 982 square feet and a competitive price of $194 per square foot.
- The building's configuration and mix of units position it well for both stable long-term returns and value-add strategies, particularly by capitalizing on the free market portion of the rent roll.
- Situated in the desirable Windsor Terrace neighborhood, this asset benefits from proximity to major transportation options, green spaces, and strong rental demand in a high-growth area.
Exclusively Listed By
Financing By
Listing Price: $12,900,000
Investment Highlights
- 101 Ocean Parkway offers 60 residential units across approximately 66,505 square feet, with an attractive average unit size of 982 square feet and a competitive price of $194 per square foot.
- The building's configuration and mix of units position it well for both stable long-term returns and value-add strategies, particularly by capitalizing on the free market portion of the rent roll.
- Situated in the desirable Windsor Terrace neighborhood, this asset benefits from proximity to major transportation options, green spaces, and strong rental demand in a high-growth area.
Investment Overview
Marcus and Millichap are pleased to present 101 Ocean Parkway, a compelling multifamily investment opportunity in the highly desirable Windsor Terrace neighborhood of Brooklyn. Offered at $12,900,000, the property comprises 60 residential units across approximately 66,505 square feet, with an attractive average unit size of 982 square feet and a competitive price of $194 per square foot. The building benefits from a prime location with convenient access to major transportation options and amenities, supporting strong rental demand in a rapidly appreciating submarket.Zoned R7A and R6A with no remaining air rights and taxed under Class 2 with an annual tax bill of $553,035, the asset offers a clear framework for financial planning.
Exclusively Listed By
Financing By
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