1278 Ocean Parkway, Brooklyn, NY, 11230

Address

1278 Ocean Parkway, Brooklyn, NY

Listing Type

Mixed Use

Price

$ 2,995,000

Your Agent

Cary Raffle

Licensed Real Estate Associate Broker

Cell: 917-603-3813

Property Attributes

MLS#501561
TypeMixed Use
Listing Status Active
CountyKINGS
CityBrooklyn
AreaBrooklyn
NeighborhoodMidwood
Zip11230
StyleMixed Use
Taxes$ 19104
Price$ 2,995,000
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Lot Size0.072314 Acres

Data Source:

Brooklyn MLS (BNYMLS)

Property Description

Prime Ocean Parkway opportunity in the heart of Midwood, offering a Rare blend of comfortable living and exceptional investment potential. This expansive, well-maintained 4-level property is thoughtfully designed for maximum functionality and income generation. Situated on a 20.58’ x 150’ lot with a building footprint of 20.33’ x 72’ and approximately 5,376 square feet, the property features two full-floor residential apartments, a professional medical office, a versatile lower level and a large back yard. This property with R-6A zoning can also be redesigned with one more level added to a total of 7,800 sf. Each residential unit boasts a spacious full-floor layout with 3 bedrooms and 2 bathrooms, complemented by abundant natural light throughout. The apartments include a large living room, a separate windowed kitchen, and a dining area with access to a private balcony—ideal for both everyday living and entertaining. The first-floor medical office is in excellent condition and well-suited for professional use, featuring a reception area, waiting room, five exam rooms/offices, and two bathrooms. The high-ceiling lower level offers exceptional flexibility, including a large recreation/event space with a kitchenette and bathroom, a private office, storage room, laundry area, and mechanical room—perfect for extended use or additional income opportunities.

Price History
5/19/2026	Listed $2,995,000

General Features

Roof	Pitched
Electric	Circuit Breakers
Property Type	Mixed Use
Yearly Taxes	19104.00
Transaction Type	Sale
Insurance Expense	7795.00
Utility Expense	575.00
Gross Expense	38000.00
Financing	Bank Mortgage,Cash
Building Type	Detached
Gross Income	102120
Status	Active
Fuel Expense	4500.00
Construction Materials	Brick
Cumulative Days on Market	120
MLS Area	Midwood
Sub Type	Mixed Use
City	Brooklyn
Borough	Brooklyn
Commercial Condo YN	Yes
Number Of Stores	2
DOM	120
Sale Type	Arm's Length
# Families	2
Public Remarks	Prime Ocean Parkway opportunity in the heart of Midwood,offering a Rare blend of comfortable living and exceptional investment potential. This expansive,well-maintained 4-level property is thoughtful

Interior Features

Heating Fuel	Gas
Flooring	Hardwood
Hot Water	Gas
Lavatories	4+
Basement Amenities	Cellar
Commercial Features Exterior	Other
Commercial Features Interior	Lobby,Restrooms - Staff

Exterior Features

Exterior	Brick
Yard	Back,Front
Foundation	Poured Concrete
Lot Sq Ft	3150
Loading Docks	Other
Property Panorama YN	Yes
Lot Size Length	150
Lot Size Width	21
Parking Attrib	2 Spaces