Closed 07/06/2018

Two Multifamily Buildings – 241-245 Ocean Parkway

241 Ocean Parkway

Kensington & Parkville

Closed 07/06/2018 at

36,000 SF Total Gross SF
Church Avenue/Beverlry Road Cross Streets
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Multifamily 241 Ocean Parkway, Kensington & Parkville
Two Multifamily Buildings – 241-245 Ocean Parkway
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FAR 4,00
Available Air Rights 24,000 SF


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.




241 & 245 Ocean Parkway are in walking distance to Prospect Park, which consists of 585 acres of city park-land, a zoo, ponds and boating activities, an ice skating rink, baseball fields, tennis courts, playgrounds, a dog park, an adult fitness area and more.

Kensington is a predominantly residential neighborhood anchored by the Cortelyou Road retail corridor, home to a number of popular neighborhood eateries such as Purple Yam, The Farm on Adderley and Ox Cart Tavern. The property is in close proximity to the F and G train at Fort Hamilton, and walking distance to the Q train at Beverly Road.


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