729 Ocean Parkway
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729 Ocean Parkway

729 Ocean Parkway, Brooklyn, NY 11230

$1,500,000
Introducing 729 Ocean Parkway, a premier mixed-use property nestled in the vibrant heart of Brooklyn. This splendid brick construction represents a unique opportunity for the discerning investor or developer, with the added advantage of R7A zoning. The property hosts an expansive professional office on the first floor, perfectly suited for a broad range of businesses. The well-designed layout includes a large entry space or living room. three private rooms(3bedrooms), a bathroom, and an abundance of additional space that can be effortlessly adapted to fit any specific requirements. Head upstairs to the second floor to discover a well maintained 2-bedroom residential apartment. This generously proportioned residence exudes charm and comfort with a formal dining room, a welcoming living room, and other essential amenities that cater to a comfortable and modern lifestyle. Notably, the R7A zoning allows for further development, offering the potential for growth and considerable return on investment. With the possibility to build up to seven plus floors, developers can exploit the opportunity to create additional residential units or commercial spaces, or a combination of both, to meet the market's ever-growing demand. The property's location adds significant value, set amidst the bustling, culturally rich, and diverse Brooklyn neighborhood. 729 Ocean Parkway sits in close proximity to an array of shops, cafes, restaurants, and parks. Public transportation is easily accessible, promising a comfortable commute to various parts of the city. In conclusion, 729 Ocean Parkway is a rare find. With its mix of current functionality and future potential, it promises a remarkable investment opportunity. Whether you are an investor seeking a reliable income-generating asset or a developer envisioning your next project, this property presents an unparalleled opportunity that is not to be missed.

5
beds

3
baths

2,579 Sq.Ft. lot

Marty Vandenburg

Marty Vandenburg

Features & Amenities

Interior

  • total bedrooms5
  • Total bathrooms3
  • full bathrooms2
  • half bathroom1
  • APPLIANCES Gas Water Heater
  • other interior Features Formal Dining

Area & Lot

  • Status Sold
  • Lot Area2,579 Sq.Ft.
  • MLS® IDL3485140
  • TypeMulti-Family
  • YEAR BUILT1925
  • NeighborhoodBrooklyn
  • Elementary SchoolPs 217 Col David Marcus School
  • Middle SchoolJhs 78 Roy H Mann
  • High SchoolJames Madison High School
  • School DistrictBrooklyn 22

Exterior

  • water SourcePublic
  • lot featuresNear Public Transit, Near School, Near Shops, Stone/Brick Wall
  • parkingAssigned, Off Street, Other, Shared Driveway
  • HEAT TYPEBaseboard, Natural Gas
  • sewerShared
  • HOA AmenitiesPark

Financial

  • Sales Price$1,500,000
  • Real Estate Tax $7,003/yr
  • Zoning R7A
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