Kensington (brooklyn), NY 11230,729 Ocean Pkwy
$1,699,999
Est.Price: ?

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5 BD
3 BA
2,613 Sqft Lot

729 Ocean Pkwy Kensington (brooklyn), NY 11230

Est. payment /mo
SOLD DATE : 10/12/2023

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Commercial (Mix Use)

MLS Listing ID 3485140

Sold Date 10/12/23

Style Semi Detached

Bedrooms 5

Full Baths 2

Half Baths 1

Originating Board onekey

Year Built 1925

Annual Tax Amount $7,003

Lot Size 2,613 Sqft

Acres 0.06

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 Brooklyn

Zoning R7A

Rooms

Basement Finished, Full

Interior

Interior Features Formal Dining, Home Office

Heating Natural Gas, Baseboard

Fireplace Y

Exterior

Garage Shared Driveway, Assigned, Off Street, Other

Parking Type Shared Driveway, Assigned, Off Street, Other

Total Parking Spaces 2

Garage No

Building

Lot Description Easement, Stone/Brick Wall, Near Public Transit

Sewer Public Sewer

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

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Listed by Keller Williams Rlty Landmark • 718-475-2700
Bought with Keller Williams Rlty Landmark

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Duwayne Garth

EXP Realtor - BTRE Founder | License ID: 104001235738

+1(917) 525-3207

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