$6,500,000 $7,600,000
Updated 16 days ago

2537 Ocean Ave

Madison, Brooklyn | Ave T & Ave U

22 Rooms11 Beds12 Baths11,293 Square FeetMixed Use

$6,500,000 $7,600,000
floors / apts7 / 10
Lot Size25'x110'
Built Size25'x74'
ZoneR7A
Building TypeLow-Rise
RE Taxes$104,002
Price Per SF
$576

Outdoor space and views

  • Balcony
  • Terrace

Building Amenities

  • Sprinkler System

Property Description for 2537 Ocean Ave

2537 Ocean Avenue presents a rare opportunity to acquire a newly developed 7-story mixed-use asset in the heart of Homecrest, Brooklyn. Spanning approximately 11,293 square feet, the property consists of 10 residential units and 2 commercial spaces, offering a strong projected income stream with a projected NOI of approximately $466,836 and a 6.14% cap rate.

Positioned along the highly trafficked Ocean Avenue corridor between Avenue U and Avenue T, the elevator building features modern construction, exceptional street presence, and floor-to-ceiling commercial storefronts with outstanding visibility. The residential component includes 7 free-market units and 3 affordable units, with many residences offering private balconies, terraces, and abundant natural light. The commercial spaces are delivered vanilla box with HVAC, plumbing, and sprinkler systems already in place, creating immediate flexibility for medical, retail, wellness, or professional use.

The property benefits from convenient access to the Q train at Avenue U, as well as multiple bus lines, placing residents and businesses in one of Southern Brooklyn's most established and densely populated neighborhoods. Surrounded by new developments, local retailers, restaurants, and neighborhood amenities, 2537 Ocean Avenue offers investors a turnkey, income-producing asset with long-term upside in a rapidly evolving corridor


Listing History for 2537 Ocean Ave

Now
07/07/2026
$6,500,000 [-$1,100,000] [14.5%]
Price Drop by Elan Urisoff
Douglas Elliman
05/21/2026
$7,600,000
Initial Price by Elan Urisoff
Douglas Elliman

Building Details for 2537 Ocean Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built2021
Floors/Apts7/10
Learn More About the Building

Transit and Citi Bike

Subway

Avenue U
0.25 miles
Neck Rd
0.38 miles
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 106356TH