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.
Building Details
- For Sale $9,199,000
- Property Type Multi-Family
- Property Size 22,916 SF
- Lot Size 0.11 Acre
- Cap Rate % 6.58
- Rental Income / YR $693,552.00
- NOI / YR $605,117.00
- Taxes / YR $3,040.00
- Zoning R7A
- Additional Rent Price on request
- # of Floors 8
- Year Built 2017
- Date Updated May 28, 2026
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Location
- City Brooklyn, NY
- Neighborhood Midwood
- Zip Code 11230
- Market Brooklyn
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Walk score 76/100 Very Walkable -
Transit score 100/100 Rider's Paradise -
Bike score 77/100 Very Bikeable
Points of Interest
Avenue H
0.37 miles
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
Allegiance
0.44 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
Eastern Fruits and Vegetables
0.60 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
Giant Car Wash
0.82 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
Lo Duca Pizza
0.29 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
C-Town
0.28 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
Walgreens
0.36 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
Listing Summary
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Property Financials 1191 Ocean Ave is currently listed for sale at $9,199,000 for a price per square foot of $401.42. Yearly taxes for this property stand at $3040.
The yearly rental income is $693552. The property has an associated capitalization rate of 6.58%. The last reported annual net operating income (NOI) was $605117.
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Property Details 1191 Ocean Ave totals 22,916 square feet of Multi-Family space across 8 floors on a lot spanning 0.11 acres. The property was initially built in 2017.
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Area Characteristics 1191 Ocean Ave is located in the Midwood neighborhood. The site that the property is located on is zoned R7A.
In terms of ease of commuting, the area has a walk score of 76, indicating that it is very walkable.
Commercial Acquisitions Realty Services
