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1730 Ocean Ave 34 Unité Immeuble d’appartements 19 822 226 $ CAD (583 007 $ CAD/Unité) 6,40% Taux de capitalisation Brooklyn, NY 11230

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Faits saillants de l'investissement

2022 CONSTRUCTION – MODERN CLASS A ELEVATOR ASSET
LAUNDRY ROOM
MULTIPLE HOUSES OF WORSHIP WITHIN WALKING DISTANCE

RECEIVES 421-A TAX ABATEMENT THROUGH 2058
PRIVATE EXERCISE FACILITY FOR RESIDENTS
CONVENIENT ACCESS TO RETAIL AND TRANSPORTATION ON AVENUE M AND OCEAN AVENUE

Résumé de l'annonce

Cushman & Wakefield has been exclusively retained to offer for sale the 100% fee simple interest
in 1730 Ocean Avenue located in the Midwood neighborhood of Brooklyn, NY (the “Offering”
or the “Property”). 1730 Ocean Avenue is a 7-story elevator multifamily property comprised of
34 apartments totaling approximately 27,781 gross square feet on a 7,575 square foot lot.
The Property is currently operated as a mix of 15 free market units and 19 rent stabilized units, offering
investors both immediate cash flow stability and long-term upside through continued rent growth and
regulatory turnover. The residential unit mix consists of 23 two-bedroom units and 11 studio units, with an
average in-place net effective rent of approximately $51 per square foot.
Additionally, the Property benefits from a substantial 421a tax abatement that runs through 2058, resulting
in a dramatically reduced annual property tax burden (approximately $6,674 annually). The 421a program
structure provides a defined path to full free-market conversion following abatement expiration, driving longterm
revenue upside.
1730 Ocean Avenue is situated along one of Midwood’s most established residential corridors, surrounded by
dense housing stock and neighborhood retail. The property benefits from excellent transit access, including
proximity to the Q subway line at Avenue M and bus service along Ocean Avenue, with the B49 and BM3
express routes providing efficient service to Manhattan. Midwood remains one of Brooklyn’s most consistent
rental markets, supported by a stable tenant base, strong neighborhood amenities, close proximity to multiple
houses of worship, and sustained demand for quality apartment housing.
The Offering provides investors with a rare opportunity to acquire a modern, elevator multifamily property
in a supply-constrained Brooklyn neighborhood, featuring favorable tax treatment, a largely free-market rent
roll, and meaningful upside potential through continued leasing and operational optimization.
All inquiries should be directed to Cushman & Wakefield.

1730 Ocean Ave - OM - C&W

Offering Memorandum

Faits sur la propriété

Prix	19 822 226 $ CAD	Style d’appartement	De hauteur moyenne
Prix par unité	583 007 $ CAD	Classe d’immeuble	B
Type de vente	Investissement	Taille du lot	0,17 AC
Taux de capitalisation	6,40%	Taille du bâtiment	27 781 pi²
Nombre d’unités	34	Nombre d’étages	7
Type de propriété	Immeuble residentiel	Année de construction	2022
Sous-type de propriété	Appartement
Zonage	R6A - Medium density residential district

Prix	19 822 226 $ CAD
Prix par unité	583 007 $ CAD
Type de vente	Investissement
Taux de capitalisation	6,40%
Nombre d’unités	34
Type de propriété	Immeuble residentiel
Sous-type de propriété	Appartement
Style d’appartement	De hauteur moyenne
Classe d’immeuble	B
Taille du lot	0,17 AC
Taille du bâtiment	27 781 pi²
Nombre d’étages	7
Année de construction	2022
Zonage	R6A - Medium density residential district