MLS#1022388
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLBrooklyn 16
Property Description
A standout mixed-use opportunity in the Ocean Hill section of Brooklyn, offering the kind of income, flexibility, and updated finishes investors look for! This property features a commercial storefront with basement space plus two updated 2-bedroom apartments, generating current gross rental income of $10,300/month, or $123,600 annually. The storefront and basement are rented together for $5,000/month, with the residential apartments rented for $2,500/month and $2,800/month.The building offers approximately 2,504 SF on a 1,444 SF lot, with two stories, strong retail frontage, and a practical mixed-use layout. The residential units feature modern finishes, hardwood floors, stainless steel appliances, exposed ductwork, recessed lighting, a designated laundry area, and two bathrooms total, with one bathroom on each floor. One apartment is expected to become vacant soon, creating added flexibility for an owner-user, investor re-rental, or future upside.The location offers convenient access to multiple transit options, including the A/C train at Rockaway Avenue, the J/Z at Chauncey Street, the L train at Bushwick Avenue, and the Broadway Junction transit hub. Surrounded by residential density, neighborhood retail, and everyday services, this property combines storefront income, residential income, basement space, updated interiors, and long-term Brooklyn upside in one compelling package! Amazing opportunity in the heart of Ocean Hill!
Property Features
Property Type: Commercial - Multiple
Basement: See Remarks
Cooling: Central Air
Heating: Forced Air
Lot Size: 0.03 Acres
Stories: 2.0
Taxes: $7,664
Year Built: 1931
Feature Descriptions
Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
Building Area Total: 2504
Business Type: Retail
Exterior: Brick
Flooring: Ceramic Tile, Hardwood
Leasable Area: 2504
On Market Date: 2026-07-06
Parcel Number: 01534-0004
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Local Schools
School District: Brooklyn 16
Listed By / Shown By
Listing By
Agency Name: New Home Mega Management Corp
Agency Contact: 718-808-2030
Shown By
Agent Name: Stephen Hinds
Agent Phone: (347) 277-7079
Agency Title: Coldwell Banker American Homes
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85 Rockaway Avenue | MLS# 1022388
This commercial property located at 85 Rockaway Avenue , Brooklyn, NY 11233 is currently listed for sale with an asking price of $1,690,000. Rockaway Avenue is located within the Brooklyn 16 school district. Search Brooklyn real estate on stephenhinds.cbamhomes.com today.