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192 Rockaway Ave
Brooklyn, NY 11233 Ocean Hill

$2,300,000 USD

Apartments For Sale  •  5,400 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,400 SF
  • Lot Size 0.05 AC
  • Building Class C
  • Year Built 1910
  • Cap Rate 7.29 %
  • Zoning R5, C2-3
100 Transit Score
100 Walk Score

Highlights

Eight-unit multifamily building totaling approximately 5,400 SF.
Three free-market units and five rent-stabilized units, two of which are paying market rent.
Five of eight units have been fully renovated, reducing future capital needs.
Located near A and C subway lines, providing efficient access to Manhattan and Brooklyn.
Tax Class 2B with capped assessment increases for long-term tax stability.
Positioned in a growing neighborhood with strong rental demand and transit connectivity.

Property Flyers

Cap Rate: 7.29 %

Public Transportation

Commuter RailDriveWalkDistance
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 1 min 10 min 0.4 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) 7 min - 2.4 mi
Transit/SubwayDriveWalkDistance
Rockaway Avenue (A,C Line) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway)) 1 min 3 min 0.2 mi
East New York Station (Far Rockaway Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 1 min 9 min 0.4 mi
Atlantic Avenue (L Line) (L - New York MTA Subway (The Subway)) 2 min 10 min 0.5 mi
Chauncey Street (J - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 1 min 10 min 0.5 mi
Broadway Junction (East New York) (A - New York MTA Subway (The Subway), C - New York MTA Subway (The Subway), J - New York MTA Subway (The Subway), L - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway)) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
John F Kennedy International 18 min - 8.6 mi
LaGuardia 20 min - 8.6 mi
Newark Liberty International 34 min - 18.0 mi
Peter Matheos 212-381-6057 Matheos Realty
Peter Matheos 212-381-6057 Matheos Realty