729 Ocean Parkway, Brooklyn, NY 11230

$1,500,000
5
BD
3
BA

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Sold Price
$1,500,000
List Price
$1,699,999
Status
CLOSED
MLS#
L3485140
Closing Date
Oct 12, 2023
Year Built
1925
Bedrooms
5
Bathrooms
3
Acres
0.06
Subdivision
Commercial (Mix Use)

Property Description

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.

Additional Information

Taxes
$7,003
Lot Size
2,579
Interior Features
Formal Dining
Heating
Baseboard, Natural Gas
Sewer
Shared
Water Source
Public
Appliances
Gas Water Heater
Basement
Finished, Full
Parking Spaces
2
Elementary School
Ps 217 Col David Marcus School
Middle School
Jhs 78 Roy H Mann
High School
James Madison High School

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Listing courtesy of Listing Agent: Marty Vandenburg (martyvan@kw.com) from Listing Office: Keller Williams Rlty Landmark.

Listing courtesy of Marty Vandenburg from Keller Williams Rlty Landmark

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.