2504 Ocean Ave Brooklyn, NY 11229

Multi-Family (2-4 Units) MLS #: 11402993 Courtesy Of Re/Max Elite

$1,499,888

6 beds | 3 baths | 3,321 sq ft
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Est. Property Tax: $3,828
Estimated monthly payments: $6,876/mo.* (recalculate)

Property InformationDescription

LEGAL TWO-FAMILY HOME & PRIME DEVELOPMENT SITE ON OCEAN AVENUE. Well-kept detached legal two-family home situated on a 24.5 ft x 125.75 ft lot with a 19.75 ft x 62 ft building, offering both incredible living potential and significant development opportunities on prime Ocean Avenue in Brooklyn. This versatile property can serve as a comfortable two-family home or as a development site for investors and developers. Upon entering the home, you are greeted by two separate entrances leading to the two units. The owner's duplex, located on the first floor, features a spacious open-concept living and dining area, large enough to accommodate oversized furniture, including sectional sofas and full dining room sets, making it perfect for entertaining. This floor also includes a kitchen, a full bathroom, and three well-sized bedrooms, one of which is currently being used as a sunroom. The duplex also offers access to an expansive basement via interior stairs, providing ample space for recreational activities, a home gym, additional storage, or creative workspace. The basement also houses the property's utilities and includes a second bathroom for added convenience. The second unit, located on the upper floor, mirrors the spacious layout of the first, offering an open-concept living and dining area, a kitchen, three well-sized bedrooms, and a full bathroom. The property also boasts a large backyard, perfect for outdoor gatherings, gardening, or relaxation, as well as private driveway that can easily accommodate 4-5 vehicles, a rare find in this area. Beyond its residential appeal, this property stands out as a prime development opportunity thanks to its R7A zoning. The lot measures approximately 3,081 square feet, with a Residential FAR of 4, Facility FAR of 4, and an As Built FAR of 0.76, leaving an impressive 9,982 square feet of unused FAR and a maximum usable floor area of 12,324 square feet. This creates the potential to transform the property into a condominium or rental building, as Ocean Avenue is already bustling with new developments. Whether you are seeking a spacious and functional residence or exploring the potential for a transformative development project, this property offers unparalleled possibilities. Act quickly to secure this rare opportunity before it's gone! Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.
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Features

  • Age: Over 50 Years Old
  • Amenities: Dock
  • Architecture Style: Other
  • Lot Size: 0.07 Acres
  • Rooms: Den, Dining Room, Family Room, Living Room

MAP & DIRECTIONS

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2504 Ocean Ave, Brooklyn, NY 11229
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School Information

2504 Ocean Ave, Brooklyn, NY 11229

Elementary School
Grades PK-5 | Public School
P.S. 255 BARBARA REING SCHOOL
Brooklyn, NY 11229
1866 E 17th St
718.­376.8494
Distance: 0.3 mi
School Rating
B
Student:Teacher Ratio
12:1
Total Students
809
Middle School
N/A
High School
N/A
Other Nearby Schools Distance Type Grades School Rating
St Edmund Preparatory High School 0.0 mi Private 9-12
St Edmund Elementary School 0.1 mi Private PK-8
P.s. 206 Joseph F. Lamb School 0.3 mi Public KG-8 C+
J.h.s. 234 Arthur W. Cunningham 0.3 mi Public 6-8 A
Windmill Montessori School 0.3 mi Private PK-8
P.s. 153 Homecrest 0.4 mi Public PK-5 B-
Prospect Park Bnos Leah High School 0.5 mi Private 9-12
Yeshiva Bais Chaya Esther 0.5 mi Private 9-12
Yeshivat Darche Eres Boys High School 0.6 mi Private PK-12
Bet Yaakov Ateret Torah Elementary School 0.6 mi Private PK-8
Bet Yakov Ateret Torah High School 0.6 mi Private 9-12
Bet Yaakov Ateret Torah 0.6 mi Private PK-8
Lev Bais Yaakov 0.6 mi Private KG-12
P.s. 254 Dag Hammarskjold School 0.7 mi Public KG-5 A
Yeshivat Mekor Haim 0.7 mi Private PK-8
James Madison High School 0.7 mi Public 9-12 B-
Reach For The Stars Learning Center 0.7 mi Private UG
Bnot Rachel High School 0.7 mi Private 9-12
Yeshiva Of Belle Harbor/yeshival Bitahon 0.7 mi Private KG-8
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Brooklyn, NY 11229

Median Age: 41.5
Married: 50%
Number of Households: 28,900
Households with Children: 29.1%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.