Two Multifamily Buildings - 241-245 Ocean Parkway

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 241 & 245 Ocean Parkway, consisting of 32 units in the Kensington neighborhood of Brooklyn. The 36,000 SF property is located on Ocean Parkway between Beverly Road and Church Avenue. The building currently generates a rental income of approximately $921,963 and a NOI of $690,575. The property also has ~24,000 SF of available air rights. The nearby Church and Flatbush Avenues retail corridors are lined with restaurants, cafés and national tenants such as Bank of America, Chase, Citibank, Walgreens, Planet Fitness, Modell’s and Dunkin Donuts among others.