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Office Vacant-User

2183 & 2187 Ocean Avenue

2183 & 2187 Ocean Avenue, Brooklyn, NY 11229

Listing Price: $4,950,000

Gross SF
26,400
Rentable SF
26,400
Price/Gross SF
$187.50
Lot Size
0.15 acres
Year Built
1930

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2183 & 2187 Ocean Avenue, two adjacent owner-occupied medical office properties with development potential located between Avenue R & Quentin Road in the Madison section of Sheepshead Bay in Brooklyn, NY. The subject properties are 24 ft x 64 ft & 22 ft x 70 ft, respectively. Both lots are 30 ft by 110 ft and are zoned R7A, allowing for 26,400 buildable square feet as-of-right. The combined properties feature 60 ft of frontage on Ocean Avenue just one block away from Kings Highway. The subject properties are located four blocks from the Kings Highway subway station, serviced by the B & Q lines as well as by the B2, B31, B82, and B100 bus lines. Investors and developers have the opportunity to purchase two adjacent development sites in the growing Madison subsection of the popular Sheepshead Bay neighborhood where commercial and residential rents remain strong.

Investment Highlights

  • Development Opportunity in Madison where Residential Rents achieve $50 SF and Condos sellout for $800 SF
  • Owner-Occupied Development Assemblage Acquired in 1984 and 2018
  • Both Adjacent Lots Total 6,600 SF or 26,400 BSF As-Of-Right based on R7A Zoning
  • 60 ft of Frontage on Ocean Avenue and One Block from Kings Highway
  • Four Blocks from the Kings Highway "B" & "Q" Trains.
  • Serviced by B2,B31, B82 and B100 MTA Bus Lines
  • Neighborhood with Increasing Demand for Medical Office and Luxury Residential

Exclusively Listed By

Office Vacant-User

2183 & 2187 Ocean Avenue

Listing Price: $4,950,000

Gross SF
26,400
Rentable SF
26,400
Price/Gross SF
$187.50
Lot Size
0.15 acres
Year Built
1930

Investment Highlights

  • Development Opportunity in Madison where Residential Rents achieve $50 SF and Condos sellout for $800 SF
  • Owner-Occupied Development Assemblage Acquired in 1984 and 2018
  • Both Adjacent Lots Total 6,600 SF or 26,400 BSF As-Of-Right based on R7A Zoning
  • 60 ft of Frontage on Ocean Avenue and One Block from Kings Highway
  • Four Blocks from the Kings Highway "B" & "Q" Trains.
  • Serviced by B2,B31, B82 and B100 MTA Bus Lines
  • Neighborhood with Increasing Demand for Medical Office and Luxury Residential

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 2183 & 2187 Ocean Avenue, two adjacent owner-occupied medical office properties with development potential located between Avenue R & Quentin Road in the Madison section of Sheepshead Bay in Brooklyn, NY. The subject properties are 24 ft x 64 ft & 22 ft x 70 ft, respectively. Both lots are 30 ft by 110 ft and are zoned R7A, allowing for 26,400 buildable square feet as-of-right. The combined properties feature 60 ft of frontage on Ocean Avenue just one block away from Kings Highway. The subject properties are located four blocks from the Kings Highway subway station, serviced by the B & Q lines as well as by the B2, B31, B82, and B100 bus lines. Investors and developers have the opportunity to purchase two adjacent development sites in the growing Madison subsection of the popular Sheepshead Bay neighborhood where commercial and residential rents remain strong.

Exclusively Listed By

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