149 Rockaway Ave

149 Rockaway Ave is located in Ocean Hill, Brooklyn, a centrally positioned neighborhood known for its established residential character, local retail corridors, and increasing investment and development activity. Rockaway Avenue serves as one of the area’s primary commercial corridors, while nearby Broadway Junction continues to strengthen the neighborhood’s connectivity and redevelopment potential. The property benefits from exceptional public transportation access, with the Rockaway Avenue Station (A, C) nearby and Broadway Junction (A, C, J, Z, L) providing connections across Brooklyn and into Manhattan. The neighborhood also offers convenient access to major thoroughfares, local shopping, restaurants, schools, and community amenities, supporting continued residential and commercial growth.Asset CRG Advisors, LLC, has been exclusively retained to market 149 Rockaway Ave, a shovel-ready development opportunity in the Ocean Hill neighborhood of Brooklyn. The 1,950 SF lot features approved plans for a four-story + bulkhead mixed-use building totaling approximately 4,248 buildable SF, consisting of six residential apartments and one ground-floor commercial space. Zoned R6/C2-3, with a potential FAR increase up to 3.90 under UAP, requiring a 20-25% Permanent Affordable Housing Allocation & HPD Regulatory Agreement. Surveys and plans are available upon request. The property is also located within an Opportunity Zone, potentially providing tax benefits for qualifying investors.