Back 729 Ocean Parkway
Off Market

729 Ocean Parkway

New York NY 11230

5
3
2
2579 sq. ft.
Multi-Family
Last sold for $1,500,000
Marty VandenburgMarty Vandenburg, last sold this property on 12 October 2023 after 119 days on market.

Overview

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.

Features

5 bedrooms
3 bathrooms
2 carspaces
2579 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 5 bedroom multi families sold in New York over the last 12 months.

Property history for 729 Ocean Parkway

2023
Sold
$1,500,000
12 Oct 2023 by Marty Vandenburg, of Keller Williams Rlty Landmark

Happy sellers in New York

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We have insufficient information to provide an overview of customer satisfaction for New York. Viewing the agent profiles, reviews and sales for New York can provide insights for this location.

Local market activity for 5 bedroom multi families in New York

In the last 12 months, 1 five-bedroom multi family similar to 729 Ocean Parkway, have been sold.

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