2514 Ocean Avenue
Brooklyn, NY, 11229 $ 1,498,000
Bedrooms8 Baths2.0 Sq 1,938 Monthly Estimate*
$ 10,346
for $1,498,000 with 8 bedrooms and 2 full baths. This 1,938 square foot home was built in 1930.
What’s Speciаl
Prіme R7Α Devеlοрment Opportunіtу – 2514 Οсeаn Avenue, Brooklyn
Positioned along Brooklyn’s dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential.
Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment.
Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations.
Development Potential
The true value lies in its R7A zoning designation.
Residential FAR up to 4.0 (buyer to verify independently)
Potential for approximately 12,000 buildable square feet (ZSF)
Estimated capacity for up to 8 stories
Potential configuration of approximately 14 one-bedroom condominium units
Subject to zoning analysis, architectural planning, and city approvals
Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building.
Strategic Location
Located within:
Brooklyn Community District 15
City Council District 48
The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities.
Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn’s steadily appreciating markets.
All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility.
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List ByOne Realty Global CorpBroker
Affordability Calculator
- Monthly Principal & Interest
- $10,346
- Monthly Property Taxes
- $753
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,799,263
Percent of Sale Price 20%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $1,498,000 | | Listed Price |