2537 OCEAN Avenue
MLS® #RLS20092571
Listing by Douglas Elliman Real Estate
11
Bedrooms
12.5
Baths
N/A
Sq. Ft.
1930
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Other
- Character: Pre-war building (1930)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | May 20, 2026 | $7,600,000 | - |
| Currently | May 21, 2026 | $7,600,000 | - |
Description
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
Features & Amenities
Interior Features
Building Amenities
Appliances
Building Information
Financial Details
About Madison
View All Madison ListingsMadison is a low-traffic residential neighborhood in southeastern Brooklyn featuring rows of well-built two-story brick homes with bay windows and tile roofs, low-rise apartment buildings, and tree-lined streets between Kings Highway and Avenue U. The F and Q trains at Kings Highway station provide the nearest subway access, connecting to Downtown Brooklyn and Manhattan. Marine Park, Brooklyn's largest park at 530 acres with salt marshes, sports fields, and a nature trail along Gerritsen Creek, borders the neighborhood to the south.
Madison Live Market Data
View NeighborhoodActive Listings
7
Median Asking Price
$1.19M
Median $/Sqft
$619
Avg Days on Market
N/A
New This Week
2
Price Reduced
14%
Sold (30 Days)
0
Median Sale Price
$1.75M
Live data from RLS at REBNY • Updated 5/21/26, 3:48 AM EST
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Location
2537 OCEAN Avenue, Madison, Kings County
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
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Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $6,000, or roughly $500 per month. Verify the current assessment with your attorney before closing.
This property has 11 bedrooms and 12 full bathrooms and 1 half bathroom.
According to MLS records, the building was constructed in 1930, making it approximately 96 years old.
This listing is None
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Douglas Elliman Real Estate - Elan Urisoff
Listing Contact: (347) 780-8893
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/21/2026 at 7:48 AM UTC