About This Home

This 0-bedroom, 25-bathroom residential multi family at 265 Ocean Avenue in Brooklyn, NY is listed for $3,900,000 ($193 per sqft). Built in 1931, the home offers 20,240 sqft of living space on a 0.17 acres lot.

Key Features

  • Built in 1931
  • 0.17 acre lot
  • 4 stories

Property Details

4 stories
25 full
1931

Amenities

Hardwood
Listing Description

Prime Prospect Park Location | 25-Unit Multifamily Investment Opportunity Presenting an exceptional investment opportunity at 265 Ocean Avenue, a well-maintained, 25-unit multifamily apartment building ideally situated on Ocean Avenue between Lincoln Road and Parkside Avenue, directly across from Prospect Park in one of Brooklyn's most desirable residential corridors.

This four-story property features 50 feet of frontage and a building depth of approximately 119 feet, with a desirable apartment mix consisting of 8 one-bedroom apartments, 14 two-bedroom apartments, and 3 three-bedroom apartments. The property generates an impressive Annual Gross Operating Income of $491,844 and Net Operating Income (NOI) of $226,

542.96, providing investors with an established income-producing asset in a highly sought-after rental market. Located just minutes from Prospect Park, public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from a prime location that continues to attract strong residential rental demand.

265 Ocean Avenue represents an outstanding opportunity for investors seeking a substantial multifamily asset with consistent income, long-term appreciation potential, and enduring value in one of Brooklyn's most established and desirable neighborhoods.

Monthly Cost Estimate

$20,858/mo

20% down · 6.5% · 30 years

Principal$2,821
Interest$16,900
Insurance$1,138

Estimates only. Actual payments may vary.

Location

265 Ocean Avenue

Brooklyn, NY 11225

Features & Amenities

Interior Features

RefrigeratorStove

Property Details

Flooring

HardwoodCeramic

Construction

Brick Masonry

Questions & Answers

This 0-bedroom, 25-bathroom residential multi family at 265 Ocean Avenue is listed at $3,900,000 ($193/sqft). The estimated monthly payment is $20,859 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931, 0.17 acre lot, 4 stories. Interior Features: Refrigerator, Stove.

This property is listed by Joseph F. Girgenti.

JG

Joseph F. Girgenti

Agent at Ben Bay Realty Co

Listed by Ben Bay Realty Co · Broker phone: (718) 680-6442 · View on Broker Site · Broker website

MLS# 505697· Source: Brooklyn New York Multiple Listing Service· 3 days on PropertySimple

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

265 Ocean Avenue, Brooklyn, NY 11225

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