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Listing Courtesy of ONE REALTY GLOBAL CORP
$1,498,000
Est. payment /mo
8 Beds
2 Baths
1,938 SqFt
UPDATED:
Key Details
Property Type Multi Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 1,938 sqft
Price per Sqft $772
Subdivision Madison
MLS Listing ID RLS20121271
Style Prewar,Walk-Up
Bedrooms 8
Full Baths 2
HOA Y/N No
Year Built 1930
Annual Tax Amount $9,031
Property Sub-Type Multi Family
Property Description
What's Special
Prime R7A Development Opportunity – 2514 Ocean Avenue, Brooklyn
Positioned along Brooklyn's dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential.
Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment.
Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations.
Development Potential
The true value lies in its R7A zoning designation.
Residential FAR up to 4.0 (buyer to verify independently)
Potential for approximately 12,000 buildable square feet (ZSF)
Estimated capacity for up to 8 stories
Potential configuration of approximately 14 one-bedroom condominium units
Subject to zoning analysis, architectural planning, and city approvals
Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building.
Strategic Location
Located within:
Brooklyn Community District 15
City Council District 48
The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities.
Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn's steadily appreciating markets.
All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility.
Prime R7A Development Opportunity – 2514 Ocean Avenue, Brooklyn
Positioned along Brooklyn's dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential.
Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment.
Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations.
Development Potential
The true value lies in its R7A zoning designation.
Residential FAR up to 4.0 (buyer to verify independently)
Potential for approximately 12,000 buildable square feet (ZSF)
Estimated capacity for up to 8 stories
Potential configuration of approximately 14 one-bedroom condominium units
Subject to zoning analysis, architectural planning, and city approvals
Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building.
Strategic Location
Located within:
Brooklyn Community District 15
City Council District 48
The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities.
Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn's steadily appreciating markets.
All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility.
Location
State NY
County Kings
Interior
Fireplace No
Laundry See Remarks
Exterior
Exterior Feature Private Outdoor Space Under 60 Sqft
Porch Patio
Private Pool No
Building
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 07324-0029
Ownership None
Monthly Total Fees $752
Pets Allowed Building Yes, Yes
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RLS Data display by eXp Realty
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