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Apartments For Sale • 2,606 SF
| Development opportunity with a lot size of 4,675 SF, located on Ocean Avenue in Midwood, Brooklyn. |
| Zoned R7A, offering 18,700 buildable square feet, with proposed plans for a 25-unit, 60-story elevator multi-family building + community facility. |
| Approved plans can be delivered, featuring 17,956 SF of residential buildable space and 4,566 SF of community facility space. |
| The property is eligible for the 485x tax abatement, offering significant financial incentives for developers. |
| Comparable condo sales in the area average $1,000 per square foot, highlighting strong market demand. |
| Conveniently located near the B & Q subway lines at the Newkirk Plaza Train Station, ensuring easy access to Manhattan and other parts of Brooklyn. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 11 min | - | 3.8 mi | |
| 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 | - | 3.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Avenue H (Q - 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)) | 2 min | 10 min | 0.5 mi |
| Brooklyn College-Flatbush Avenue (2 - New York MTA Subway (The Subway), 5 - New York MTA Subway (The Subway)) | 3 min | 12 min | 0.6 mi |
| Avenue J (Q - New York MTA Subway (The Subway)) | 2 min | 15 min | 0.8 mi |
| Cortelyou Road (Q - New York MTA Subway (The Subway)) | 4 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| John F Kennedy International | 25 min | - | 12.5 mi |
| LaGuardia | 28 min | - | 13.0 mi |
| Newark Liberty International | 35 min | - | 19.8 mi |
