1191 Ocean Ave

1191 Ocean Ave, Brooklyn, NY 11230

Property Information

  • For Sale $9,199,000
  • Property Type Multi-Family
  • Property Size 22,916 SF
  • Lot Size 0.11 Acre
  • Cap Rate % 6.35
  • Rental Income / YR $693,552.00
  • NOI / YR $584,441.00
  • Taxes / YR $3,040.00
  • Zoning R7A
  • # of Floors 8
  • Year Built 2017
  • Date Updated Mar 16, 2026

Description

Presenting a rare opportunity to acquire a modern 22-unit residential building located at 1191 Ocean Ave in the heart of Brooklyn’s vibrant Midwood neighborhood. Built in 2017, this impressive eight-story elevator building offers 42 feet of frontage and features a well-balanced unit mix consisting of nine two-bedroom apartments, eleven one-bedroom apartments, one studio, and a spacious two-bedroom duplex. The property benefits from a tax abatement in place through June 2033, providing investors with significant long-term value and predictable operating expenses.

Designed for both comfort and convenience, the building includes a private rear courtyard that offers residents a quiet outdoor retreat. Its prime Ocean Avenue location places it within close proximity to public transportation, making commuting throughout Brooklyn and into Manhattan both easy and efficient. With its modern construction, attractive unit distribution, and strong location in a desirable residential corridor, this property represents an exceptional investment opportunity in one of Brooklyn’s established neighborhoods.

Contacts

Arsen Atbashyan

Commercial Acquisitions Realty Services

Location

Located at 1191 Ocean Ave, Brooklyn, NY 11230, this property is part of the Midwood neighborhood and Brooklyn market.

Contact Listing Broker
Arsen Atbashyan

Commercial Acquisitions Realty Services

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.