1191 Ocean Ave
1191 Ocean Ave, Brooklyn, NY 11230
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.
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Commercial Acquisitions Realty Services
Building Details
- 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
Attachments
Getting Around
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Walk Score ®
Very Walkable (76) -
Transit Score ®
Rider's Paradise (100) -
Bike Score ®
Very Bikeable (77)
Location
- City Brooklyn, NY
- Neighborhood Midwood
- Zip Code 11230
- Market Brooklyn
Points of Interest
Flatbush Avenue–Brooklyn College
0.52 miles
Avenue J
0.61 miles
Cortelyou Road
0.61 miles
Juniors Car Service
0.65 miles
Mex Cabs
0.66 miles
Beverley Road
0.82 miles
Church Ave Express Car Service
1.33 miles
Church Ave
1.34 miles
Fort Hamilton Parkway
1.53 miles
Speedway
0.55 miles
BP
0.62 miles
Sunoco
0.62 miles
Citgo
0.93 miles
Shell
0.99 miles
EVgo
1.90 miles
Tesla Supercharger
2.54 miles
plugNYC
2.77 miles
FLO
2.79 miles
US Postal Service
0.68 miles
Pathmark
1.10 miles
CVS
1.33 miles
Kings County Parking Garage
1.81 miles
Fine Fare
1.90 miles
Roosevelt Savings Bank
2.39 miles
Chase Bank Parking
2.42 miles
Car Park Systems
2.49 miles
Ultra Car Park Systems
2.51 miles
Hollywood Car Wash
1.12 miles
Car Lease Brooklyn LLC
1.34 miles
Brooklyn's Famous Car Wash
1.55 miles
Penske Truck Rental
1.74 miles
Guadalupana Car & Limo Services
1.92 miles
M&M Car Wash & Lube
1.99 miles
Tropical Breeze Car Wash
2.01 miles
Super Clean Car Wash
2.13 miles
Utica Car Wash
2.36 miles
El Paso
0.29 miles
Kam Shing
0.31 miles
Bella Pizzeria
0.31 miles
Wattli Bar and Kitchen
0.34 miles
Natural Outlet
0.38 miles
El Rancho Poblano
0.38 miles
Picky Eaters
0.39 miles
F1 Lounge
0.45 miles
Tacos El Dorado
0.47 miles
Target
0.59 miles
Berry Goods Supermarket
0.61 miles
Key Food
0.63 miles
Flatbush Food Co-Op
0.66 miles
Natural Frontier Market
0.68 miles
Ideal Food Basket
0.78 miles
Sears
0.82 miles
Interfood
0.88 miles
Amazing Savings
1.04 miles
Millenium Ambulatory Surgical Center
0.40 miles
Millennium Dialysis
0.40 miles
FDNY Engine 255/Ladder 157
0.41 miles
Al-Medina Pharmacy
0.46 miles
Centers Urgent Care of Flatbush
0.54 miles
Best Medical Care, PC
0.58 miles
First Care Pharmacy
0.58 miles
NewYork-Presbyterian Brooklyn Methodist Hospital
0.61 miles
Family Health Care Plaza
0.62 miles
1191 Ocean Ave Listing Summary
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What is the asking price at 1191 Ocean Ave?
1191 Ocean Ave is currently listed for sale at Contact for pricing.
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What is the total size of 1191 Ocean Ave?
1191 Ocean Ave has a total of 22,916 square feet.
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What is the year built for 1191 Ocean Ave?
The year built for 1191 Ocean Ave is 2017.
Commercial Acquisitions Realty Services
