265 Ocean PkwyBrooklyn, NY 11218

Property Details for 265 Ocean Pkwy

Year built

2008

Lot size

0.11 AC

Property size (Sq ft)

26,321 SF

Zone code

R7A

Property type

Retail residential properties

APN

05358-0091

APU

53580091

Description

This exceptional 2,300 square foot office space is ideally situated at 265 Ocean Parkway in the vibrant Kensington neighborhood of Brooklyn, New York. The property is a single-tenant occupancy, offering a unique opportunity for a business seeking a well-located and spacious office environment. The building is conveniently located between Beverley Road and Avenue C, providing easy access to a wide array of amenities and transportation options. Commuters will appreciate the proximity to the Church Avenue subway station, serviced by the F and Q trains, as well as numerous bus lines including the B35, BM4, BM3, B103, B68, B67, and B69. The area boasts a thriving commercial landscape with a diverse range of established businesses nearby. These include well-known national chains such as KFC, Walgreens, and The UPS Store, alongside a variety of local favorites such as Prospect Fitness, Dunya Kabab House, Natural Frontier Market, Sycamore Bar + Flower Shop, and many more restaurants and retail establishments. This prime location offers excellent visibility and accessibility, making it an attractive option for a variety of businesses. The property is classified as both Office and Special Purpose, and further categorized as an Office and Community Facility. The property is located in Kings County, New York, with a zip code of 11218.

• CAP approach

  CAP return

  Valuation

  6%

  $5,396,043

  6.5%

  $4,980,962

  7%

  $4,625,180

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,330,608

  Geo Method

  $5,330,608

• Alternative Use

  Use

  Valuation

  Residential

  $4,980,962

  Hospitality

  $4,562,535

  Educational

  $3,795,976

  Medical

  $3,926,525

  Retail

  $5,904,851

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.643

Longitude

-73.9734

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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