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In contract
  • $1,498,000

    2514 Ocean Ave, Brooklyn, NY 11229

    8beds
    --sqft
    Loading
    Multi Family
    Built in 1930
    -- sqft lot
    $1,450,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Two-story structure
    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.
    116 days
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    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

        $1,450,100

        $1.38M - $1.52M

        $3,603/mo

        Price history

        DateEventPrice
        4/29/2026Contingent$1,498,000
        Source: StreetEasy #S1818136 Report a problem
        3/25/2026Listed for sale$1,498,000+172.4%
        Source: StreetEasy #S1818136 Report a problem
        2/17/2012Sold$550,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Sheepshead Bay

        Getting around

        95 / 100
        Walker's Paradise
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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