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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Commercial (Mix Use)
MLS Listing ID KEYL3485140
Sold Date 10/12/23
Bedrooms 5
Full Baths 2
Half Baths 1
Originating Board onekey2
Rental Info No
Year Built 1925
Annual Tax Amount $7,003
Lot Dimensions 25.58x100.83
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.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished, Full
Interior
Interior Features Formal Dining
Heating Baseboard, Natural Gas
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features Assigned, Off Street, Other, Shared Driveway
Amenities Available Park
Total Parking Spaces 2
Private Pool No
Building
Lot Description Near Public Transit, Near School, Near Shops, Stone/Brick Wall
Sewer Shared
Water Public
Structure Type Brick
New Construction No
Schools
Elementary Schools Ps 217 Col David Marcus School
Middle Schools Jhs 78 Roy H Mann
High Schools James Madison High School
School District Brooklyn 22
Others
Senior Community No
Special Listing Condition None
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