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Sold
  • $1,500,000

    2504 Ocean Ave, Brooklyn, NY 11229

    6beds
    3,321sqft
    Multi Family
    Built in 1930
    -- sqft lot
    $1,742,600 Zestimate®
    $452/sqft
    $3,441 Estimated rent

    Home value

    $1,742,600

    $1.57M - $1.95M

    $3,441/mo

    Zestimate® history
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    Owner options

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    $3,441/mo

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    $3,441/mo

    Rent Zestimate®

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    $8,872/mo

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    $8,872/mo

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    What's special

    Home gymPrivate drivewayExpansive basementLarge backyardAccommodate oversized furnitureRecreational activities
    LEGAL TWO-FAMILY HOME & PRIME DEVELOPMENT SITE ON OCEAN AVENUE. Well-kept detached legal two-family home situated on a 24.5 ft x 125.75 ft lot with a 19.75 ft x 62 ft building, offering both incredible living potential and significant development opportunities on prime Ocean Avenue in Brooklyn. This versatile property can serve as a comfortable two-family home or as a development site for investors and developers. Upon entering the home, you are greeted by two separate entrances leading to the two units. The owner's duplex, located on the first floor, features a spacious open-concept living and dining area, large enough to accommodate oversized furniture, including sectional sofas and full dining room sets, making it perfect for entertaining. This floor also includes a kitchen, a full bathroom, and three well-sized bedrooms, one of which is currently being used as a sunroom. The duplex also offers access to an expansive basement via interior stairs, providing ample space for recreational activities, a home gym, additional storage, or creative workspace. The basement also houses the property's utilities and includes a second bathroom for added convenience. The second unit, located on the upper floor, mirrors the spacious layout of the first, offering an open-concept living and dining area, a kitchen, three well-sized bedrooms, and a full bathroom. The property also boasts a large backyard, perfect for outdoor gatherings, gardening, or relaxation, as well as private driveway that can easily accommodate 4-5 vehicles, a rare find in this area. Beyond its residential appeal, this property stands out as a prime development opportunity thanks to its R7A zoning. The lot measures approximately 3,081 square feet, with a Residential FAR of 4, Facility FAR of 4, and an As Built FAR of 0.76, leaving an impressive 9,982 square feet of unused FAR and a maximum usable floor area of 12,324 square feet. This creates the potential to transform the property into a condominium or rental building, as Ocean Avenue is already bustling with new developments. Whether you are seeking a spacious and functional residence or exploring the potential for a transformative development project, this property offers unparalleled possibilities. Act quickly to secure this rare opportunity before it's gone! Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Rastegar,

    REMAX Elite

    Source: StreetEasy,MLS#: S1748271

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Washer/Dryer
    • Laundry: Inside
    Features
    • Flooring: Hardwood
    Interior area
    • Total structure area: 3,321
    • Total interior livable area: 3,321 sqft

    Property

    Features
    • Patio & porch: Other
    • Exterior features: Garden
    • Has view: Yes
    • View description: Garden
    Details
    • Parcel number: 073240026
    • Special conditions: Resale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1930

    Community & HOA

    Community
    • Subdivision: Homecrest
    HOA
    • Has HOA: Yes
    • Amenities included: Laundry
    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $452/sqft
    • Tax assessed value: $1,427,000
    • Annual tax amount: $3,828
    • Date on market: 1/4/2025

    Price history

    DateEventPrice
    3/31/2025Sold$1,500,000+0%$452/sqft
    Source: NY State MLS #11402993 Report a problem
    1/24/2025Contingent$1,499,888$452/sqft
    Source: NY State MLS #11402993 Report a problem
    1/4/2025Listed for sale$1,499,888$452/sqft
    Source: StreetEasy #S1748271 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$10,601 +4.7%$85,620 -2.7%
    2024$10,123 $87,960 +13.9%
    2023-- $77,220 -8.1%
    2022-- $84,060 +26.8%
    2021-- $66,300 +10%
    2020$3,545 +8.1%$60,300
    2019$3,278 -62.6%$60,300 +44.1%
    2018$8,754 +8.8%$41,847 +6%
    2017$8,048 +160.9%$39,480 +0.4%
    2016$3,085 $39,324 +6%
    2015$3,085 +79.2%$37,099 +6%
    2014$1,722 $35,001 +0.4%
    2013-- $34,873 +6%
    2012-- $32,900 +0.4%
    2011-- $32,770 +6%
    2010-- $30,916 +6%
    2009-- $29,168 +0.4%
    2008-- $29,061 +6%
    2007-- $27,417 +0.4%
    2006-- $27,309 +6%
    2005-- $25,764 +6%
    2004-- $24,307 +0.4%
    2003-- $24,218 +6%
    2002-- $22,848 +0.4%
    2001-- $22,758 +6%
    2000-- $21,470
    Find assessor info on the county website

    Neighborhood: Sheepshead Bay

    Nearby schools

    GreatSchools rating