85 Rockaway Avenue,Brooklyn, NY 11233
Brooklyn, NY 11233
Description
A standout mixed-use opportunity in the Ocean Hill section of Brooklyn, offering the kind of income, flexibility, and updated finishes investors look for! This property features a commercial storefront with basement space plus two updated 2-bedroom apartments, generating current gross rental income of $10,300/month, or $123,600 annually. The storefront and basement are rented together for $5,000/month, with the residential apartments rented for $2,500/month and $2,800/month. The building offers approximately 2,504 SF on a 1,444 SF lot, with two stories, strong retail frontage, and a practical mixed-use layout. The residential units feature modern finishes, hardwood floors, stainless steel appliances, exposed ductwork, recessed lighting, a designated laundry area, and two bathrooms total, with one bathroom on each floor. One apartment is expected to become vacant soon, creating added flexibility for an owner-user, investor re-rental, or future upside. The location offers convenient access to multiple transit options, including the A/C train at Rockaway Avenue, the J/Z at Chauncey Street, the L train at Bushwick Avenue, and the Broadway Junction transit hub. Surrounded by residential density, neighborhood retail, and everyday services, this property combines storefront income, residential income, basement space, updated interiors, and long-term Brooklyn upside in one compelling package! Amazing opportunity in the heart of Ocean Hill!
Details
| MLS # | 1023103 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 48 |
| Listing Provided By | New Home Mega Management Corp | Haiim Russo |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,504 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.03 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Forced Air |
| Interior Features | Galley Type Kitchen, Open Kitchen, Recessed Lighting, Washer/Dryer Hookup |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street |
Utilities
| Utilities | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 63600 |
| Tax Annual Amount | 7664.84 |
| Tax Lot | 4 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| School District | Brooklyn Democracy Academy |
| Elementary School | Brooklyn Landmark Elementary Sch |
| High School | Brooklyn Democracy Academy |
| Listing VS Median (in 11233) | |
Price: $1,690,000 low | high Med: $1,225,000 sqft: 2,504 low | high Med: 2,700 $ / sqft: $675 low | high Med: $454 On site: 48 low | high Med: 321 | |
Market Activity 11233
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11233 |
| School District | Brooklyn Democracy Academy |
| Elementary School | Brooklyn Landmark Elementary Sch |
| High School | Brooklyn Democracy Academy |
| Listing VS Median (in 11233) | |
Price: $1,690,000 low | high Med: $1,225,000 sqft: 2,504 low | high Med: 2,700 $ / sqft: $675 low | high Med: $454 On site: 48 low | high Med: 321 | |
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