What’s Special
Prime R7A Development Opportunity – 2514 Ocean Avenue, Brooklyn
Positioned along Brooklyn’s dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential.
Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment.
Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations.
Development Potential
The true value lies in its R7A zoning designation.
Residential FAR up to 4.0 (buyer to verify independently)
Potential for approximately 12,000 buildable square feet (ZSF)
Estimated capacity for up to 8 stories
Potential configuration of approximately 14 one-bedroom condominium units
Subject to zoning analysis, architectural planning, and city approvals
Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building.
Strategic Location
Located within:
Brooklyn Community District 15
City Council District 48
The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities.
Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn’s steadily appreciating markets.
All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility.
In contract
$1,498,000
2514 Ocean Ave, Brooklyn, NY 11229
8beds
--sqft
Multi Family
Built in 1930
-- sqft lot
$1,446,900 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story structure
- 200 days
- 47
- 0
Zillow last checked:
Listing updated:
Listed by:
One Realty Global Corp 917-679-8288,
Xinyi Qian,
Yennie Hao
Source: StreetEasy,MLS#: S1818136
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 2
- Full bathrooms: 2
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Other
- Exterior features: Courtyard, Garden
- Has view: Yes
- View description: City, Garden
Details
- Parcel number: 073240029
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Homecrest
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $1,408,000
- Annual tax amount: $9,458
- Date on market: 3/25/2026
Estimated market value
$1,446,900
$1.37M - $1.52M
$3,699/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2026 | Contingent | $1,498,000 |
Source: StreetEasy #S1818136 Report a problem | ||
| 3/25/2026 | Listed for sale | $1,498,000+172.4% |
Source: StreetEasy #S1818136 Report a problem | ||
| 2/17/2012 | Sold | $550,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,458 +4.7% | $84,480 +4.3% |
| 2024 | $9,031 | $81,000 +1.2% |
| 2023 | -- | $80,040 +18.5% |
| 2022 | -- | $67,560 +12.7% |
| 2021 | -- | $59,940 -10.9% |
| 2020 | $8,408 +6% | $67,260 -5% |
| 2019 | $7,932 +7.3% | $70,800 +100.3% |
| 2018 | $7,395 +3.9% | $35,352 +1.2% |
| 2017 | $7,118 +4.2% | $34,920 |
| 2016 | $6,828 | $34,920 +5.5% |
| 2015 | $6,828 +71.9% | $33,100 +6% |
| 2014 | $3,973 | $31,227 |
Find assessor info on the county website






