2533 Ocean AveBrooklyn, NY 11229

Property Details for 2533 Ocean Ave

Year built

2015

Property size (Sq ft)

542 SF

Zone code

R7A

Property type

Retail space

APN

07325-1502

APU

73251502

Description

This exceptional commercial property at 2533 Ocean Avenue C1, Brooklyn, NY 11229, offers a rare opportunity to acquire two units totaling 3,397 square feet in the vibrant Sheepshead Bay neighborhood. Ideally situated near the Ave U business district, this property boasts high visibility and excellent access to public transportation, including the B3 bus and Q train. The package deal includes a ground-level unit (C1) of 640 square feet and a spacious basement unit (C2) spanning 2,757 square feet. Both units share a convenient total of four restrooms. The property sits on a 3,500 square foot lot and features impressive ceiling heights ranging from 11 to 15 feet, providing ample space and flexibility for various commercial uses. The Certificate of Occupancy designates the property as retail, making it suitable for a wide range of commercial offices and community facilities. The asking price is $999,000, with a combined monthly maintenance fee of $588 for both units. Annual property taxes are also applicable. One parking space is included. Don't miss this chance to own a thriving commercial property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $131,725

  6.5%

  $121,592

  7%

  $112,907

• Comparable approach

  Method

  Valuation

  Relative Method

  $178,461

  Geo Method

  $178,461

• Alternative Use

  Use

  Valuation

  Residential

  $102,568

  Hospitality

  $93,951

  Educational

  $78,166

  Medical

  $80,855

  Retail

  $121,592

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.5999

Longitude

-73.9511

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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