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  • Price cut: $1.1M (6/25)
    $6,500,000

    2537 Ocean Ave, Brooklyn, NY 11229

    11beds
    11,293sqft
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    Rental Unit
    Built in 2021
    -- sqft lot
    $6,067,500 Zestimate®
    $576/sqft
    $-- HOA

    What's special

    Abundant natural lightModern constructionExceptional street presenceElevator building
    2537 Ocean Avenue presents a rare opportunity to acquire a newly developed 7-story mixed-use asset in the heart of Homecrest, Brooklyn. Spanning approximately 11,293 square feet, the property consists of 10 residential units and 2 commercial spaces, offering a strong projected income stream with a projected NOI of approximately $366,836. Positioned along the highly trafficked Ocean Avenue corridor between Avenue U and Avenue T, the elevator building features modern construction, exceptional street presence, and floor-to-ceiling commercial storefronts with outstanding visibility. The residential component includes 7 free-market units and 3 affordable units, with many residences offering private balconies, terraces, and abundant natural light. The commercial spaces are delivered vanilla box with HVAC, plumbing, and sprinkler systems already in place, creating immediate flexibility for medical, retail, wellness, or professional use. The property benefits from convenient access to the Q train at Avenue U, as well as multiple bus lines, placing residents and businesses in one of Southern Brooklyn’s most established and densely populated neighborhoods. Surrounded by new developments, local retailers, restaurants, and neighborhood amenities, 2537 Ocean Avenue offers investors a turnkey, income-producing asset with long-term upside in a rapidly evolving corridor
    61 days
    |
    491
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman 347-780-8893,

    Elan Benjamin,

    Annael Kamar

    Source: StreetEasy,MLS#: S1829105

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 11
      • Bathrooms: 12
      • Full bathrooms: 12
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Washer/Dryer
      Features
      • Flooring: Hardwood
      • Has fireplace: Yes
      Interior area
      • Total structure area: 11,293
      • Total interior livable area: 11,293 sqft

      Property

      Features
      • Patio & porch: Other, Deck, Terrace
      • Exterior features: Balcony, Garden, Private Roof Deck, Terrace
      • Has view: Yes
      • View description: City, Garden, Park/Greenbelt, Skyline
      Details
      • Parcel number: 073250052
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Rental Unit
      Materials
      • Roof: Roof Rights
      Condition
      • Year built: 2021

      Community & HOA

      Community
      • Features: Doorman, Virtual Doorman
      • Security: Doorman, Virtual Doorman
      • Subdivision: Madison
      HOA
      • Has HOA: Yes
      • Amenities included: Roof Deck
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $576/sqft
      • Tax assessed value: $1,858,000
      • Annual tax amount: $6,000
      • Date on market: 5/20/2026

        Estimated market value

        $6,067,500

        $5.76M - $6.37M

        $3,685/mo

        Price history

        DateEventPrice
        6/25/2026Price change$6,500,000-14.5%$576/sqft
        Source: StreetEasy #S1829105 Report a problem
        5/20/2026Listed for sale$7,600,000+420.5%$673/sqft
        Source: Douglas Elliman #23838484 Report a problem
        4/28/2026Listing removed$12,000$1/sqft
        Source: Zillow Rentals Report a problem
        1/9/2024Listed for rent$12,000$1/sqft
        Source: Zillow Rentals Report a problem
        8/3/2018Sold$1,460,000-2.7%$129/sqft
        Source: Public Record Report a problem
        1/24/2018Listing removed$1,500,000$133/sqft
        Source: Weichert Properties #73357083 Report a problem
        11/30/2017Price change$1,500,000-0.7%$133/sqft
        Source: Brooklyn - WEICHERT, REALTORS - The Franzese Group #416409 Report a problem
        11/29/2017Price change$1,510,000-2.6%$134/sqft
        Source: Owner Report a problem
        11/29/2017Pending sale$1,550,000$137/sqft
        Source: Owner Report a problem
        11/3/2017Price change$1,550,000-2.8%$137/sqft
        Source: Owner Report a problem
        10/10/2017Listed for sale$1,595,000$141/sqft
        Source: Owner Report a problem
        7/18/2017Listing removed$1,595,000$141/sqft
        Source: Owner Report a problem
        7/14/2017Listed for sale$1,595,000$141/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$104,002 -1.5%$836,100
        2024$105,621 $836,100
        2023-- $836,100 +643.2%
        2022-- $112,500 -14.1%
        2021-- $130,950 +132.4%
        2020$3,882 -48.6%$56,340
        2019$7,549 +6%$56,340 +65.5%
        2018$7,120 +8.3%$34,038 +5.6%
        2017$6,573 +130.7%$32,246
        2016$2,850 $32,246 +2.4%
        2015$2,850 +76.5%$31,503 +6%
        2014$1,615 $29,721 +4.8%
        2013-- $28,365 +5.6%
        2012-- $26,872
        2011-- $26,872 +2.4%
        2010-- $26,253 +6%
        2009-- $24,768 +4.8%
        2008-- $23,638 +5.6%
        2007-- $22,394
        2006-- $22,394 +2.4%
        2005-- $21,878 +6%
        2004-- $20,640 +4.8%
        2003-- $19,699 +5.6%
        2002-- $18,662
        2001-- $18,662 +2.4%
        2000-- $18,232
        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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