About this home

Prime Prospect Park Location | 25-Unit Multifamily Investment Opportunity Presenting an exceptional investment opportunity at 265 Ocean Avenue, a well-maintained, 25-unit multifamily apartment building ideally situated on Ocean Avenue between Lincoln Road and Parkside Avenue, directly across from Prospect Park in one of Brooklyn's most desirable residential corridors. This four-story property features 50 feet of frontage and a building depth of approximately 119 feet, with a desirable apartment mix consisting of 8 one-bedroom apartments, 14 two-bedroom apartments, and 3 three-bedroom apartments. The property generates an impressive Annual Gross Operating Income of $491,844 and Net Operating Income (NOI) of $226,542.96, providing investors with an established income-producing asset in a highly sought-after rental market. Located just minutes from Prospect Park, public transportation, shopping, restaurants, and neighborhood amenities, the property benefits from a prime location that continues to attract strong residential rental demand. 265 Ocean Avenue represents an outstanding opportunity for investors seeking a substantial multifamily asset with consistent income, long-term appreciation potential, and enduring value in one of Brooklyn's most established and desirable neighborhoods.

Facts and features

Schools

• Ebbetts Field Middle School

  middle · 6-8 · 0.6 mi

  9

• Ps 375 Jackie Robinson School

  elementary · K-5 · 0.6 mi

  8

• David Foster Preschool Academy

  elementary · K-1 · 0.5 mi

• Science Tech And Research High School At Erasmus

  middle · 6-12 · 0.5 mi

  7

• Acad for College Prep & Career Exploration: A College Board School

  middle · 6-12 · 0.5 mi

  3

• Flatbrush Ascend Charter School

  elementary · K-6 · 0.4 mi

  9

Price history

• Oct 30, 2026 · Listed$3,900,000

Where it is