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571 Ocean Pky
Brooklyn, NY 11218 South Brooklyn

$15,388,000 USD

Apartments For Sale • 24,528 SF

Property Details

Property Type Apartments
Total Building Size 24,528 SF
Lot Size 0.13 AC
Building Class C
Year Built 2023
Cap Rate 5.73 %
Zoning R7A

95 Transit Score

82 Walk Score

                
                    Highlights
                
                                Calling All Investors, Developers & End-Users!!! Brand New 100% Occupied 30 Unit Mixed-Use Building In Kensington For Sale!!! 
                            
                                The Building Features Excellent Signage, Great Exposure, (1) Medical Office, 18 Parking Spaces, High 10’ Ceilings, Strong R7A Zoning, Elevator, +++!!!
                            
                                The Property Is Located In The Heart Of Kensington In Between Church Ave. & Foster Ave. Only Minutes From Prospect Park Lake!!! 
                            
                                 Neighbors Include UPS, Kia, The Home Depot, Target, Costco, NYU Langone, ShopRite, T.J. Maxx, Walgreens, CVS, Extra Space Storage, Staples, +++!!!
                            
                                The Building Was Built In 2023!!!
                            
                                This Property Offers HUGE Upside Potential!!!

Financial Summary (Actual)

Net Operating Income: $967,697 USD (2023)

Cap Rate:	5.73 %
Total Expenses:	$49,722 USD

Amenities

24 Hour Access
Air Conditioning
Controlled Access
Dishwasher
Fenced Lot
Fitness Center
Laundry Facilities
Security System
Washer/Dryer
Heating
Wheelchair Accessible
Kitchen
High Speed Internet Access
Storage Space
Bicycle Storage
Elevator
Pet Washing Station
Sundeck
Public Transportation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	12 min	-	4.3 mi
Atlantic Terminal (Babylon Branch - Long Island Rail Road, City Terminal Zone - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road)	11 min	-	4.4 mi
Transit/Subway	Drive	Walk	Distance
Ditmas Avenue (F - New York MTA Subway (The Subway))	3 min	9 min	0.5 mi
18 Avenue (F Line) (F - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
Newkirk Avenue (B,Q Line) (B - New York MTA Subway (The Subway), Q - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Cortelyou Road (Q - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Avenue H (Q - New York MTA Subway (The Subway))	5 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
John F Kennedy International	24 min	-	13.2 mi
Laguardia	28 min	-	13.4 mi
Newark Liberty International	33 min	-	19.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	18
Type:	Surface
Included in Rent:	Yes

Matthew Shane 516-279-8828 All Island Commercial

571 Ocean Pky Brooklyn, NY 11218 South Brooklyn