2504 Ocean Ave

Property Description

LEGAL TWO-FAMILY HOME & PRIME DEVELOPMENT SITE ON OCEAN AVENUE. Well-kept detached legal two-family home situated on a 24.5 ft x 125.75 ft lot with a 19.75 ft x 62 ft building, offering both incredible living potential and significant development opportunities on prime Ocean Avenue in Brooklyn. This versatile property can serve as a comfortable two-family home or as a development site for investors and developers. Upon entering the home, you are greeted by two separate entrances leading to the two units. The owner's duplex, located on the first floor, features a spacious open-concept living and dining area, large enough to accommodate oversized furniture, including sectional sofas and full dining room sets, making it perfect for entertaining. This floor also includes a kitchen, a full bathroom, and three well-sized bedrooms, one of which is currently being used as a sunroom. The duplex also offers access to an expansive basement via interior stairs, providing ample space for recreational activities, a home gym, additional storage, or creative workspace. The basement also houses the property's utilities and includes a second bathroom for added convenience. The second unit, located on the upper floor, mirrors the spacious layout of the first, offering an open-concept living and dining area, a kitchen, three well-sized bedrooms, and a full bathroom. The property also boasts a large backyard, perfect for outdoor gatherings, gardening, or relaxation, as well as private driveway that can easily accommodate 4-5 vehicles, a rare find in this area. Beyond its residential appeal, this property stands out as a prime development opportunity thanks to its R7A zoning. The lot measures approximately 3,081 square feet, with a Residential FAR of 4, Facility FAR of 4, and an As Built FAR of 0.76, leaving an impressive 9,982 square feet of unused FAR and a maximum usable floor area of 12,324 square feet. This creates the potential to transform the property into a condominium or rental building, as Ocean Avenue is already bustling with new developments. Whether you are seeking a spacious and functional residence or exploring the potential for a transformative development project, this property offers unparalleled possibilities. Act quickly to secure this rare opportunity before it's gone! Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.