85 Rockaway Ave
Listing Notes
A standout mixed-use opportunity in the Ocean Hill section of Brooklyn, offering the kind of income, flexibility, and updated finishes investors look for! This property features a commercial storefront with basement space plus two updated 2-bedroom apartments, generating current gross rental income of $10,300/month, or $123,600 annually. The storefront and basement are rented together for $5,000/month, with the residential apartments rented for $2,500/month and $2,800/month. The building offers approximately 2,504 SF on a 1,444 SF lot, with two stories, strong retail frontage, and a practical mixed-use layout. The residential units feature modern finishes, hardwood floors, stainless steel appliances, exposed ductwork, recessed lighting, a designated laundry area, and two bathrooms total, with one bathroom on each floor. One apartment is expected to become vacant soon, creating added flexibility for an owner-user, investor re-rental, or future upside. The location offers convenient access to multiple transit options, including the A/C train at Rockaway Avenue, the J/Z at Chauncey Street, the L train at Bushwick Avenue, and the Broadway Junction transit hub. Surrounded by residential density, neighborhood retail, and everyday services, this property combines storefront income, residential income, basement space, updated interiors, and long-term Brooklyn upside in one compelling package! Amazing opportunity in the heart of Ocean Hill!
Price in context
Cheaper than 17% of the 24 homes listed nearby right now, which run $980,000 to $1,995,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1898 Eastern Pkwy | $980,000 | 2 bd · 2 ba |
| 18 Pleasant Pl | $999,000 | 6 bd · 3 ba |
| 2271A Pacific St | $999,000 | 5 bd · 4 ba |
| 2271 Pacific St | $1,088,000 | 5 bd · 4 ba |
| 2005 Fulton St | $1,100,000 | 6 bd · 4 ba |
| 2294 Atlantic Ave | $1,100,000 | 6 bd · 3 ba |
| 2296 Atlantic Ave | $1,100,000 | 3 ba |
| 10 Gunther Pl | $1,200,000 | 6 bd · 3 ba |
| 10 Monaco Pl | $1,200,000 | 8 bd · 2 ba |
| 20 Pilling St | $1,249,000 | 6 bd · 3 ba |
| 2186 Fulton St Apt 4 | $1,250,000 | 8 bd · 5 ba |
| 61 Hull St | $1,299,000 | 4 bd · 2 ba |
| 61 Hull St | $1,299,000 | 4 bd · 2 ba |
| 124 Thomas S Boyland St | $1,334,900 | 4 bd · 3 ba |
| 21 Aberdeen St | $1,345,000 | Studio |
| 71 Mother Gaston Blvd | $1,350,000 | Studio |
| 221 Macdougal St | $1,399,999 | 5 bd · 3 ba |
| 229 Macdougal St | $1,450,000 | 5 bd · 4 ba |
| $1,500,000 | 11 bd · 4 ba | |
| 278 Sumpter St | $1,572,000 | 5 bd · 3 ba |
| 85 Rockaway Ave | $1,690,000 | 4 bd · 3 ba |
| 14 Pilling St | $1,700,000 | 6 bd · 4 ba |
| 381 Sumpter St | $1,900,000 | 12 bd · 6 ba |
| 12 Pilling St | $1,995,000 | 5 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more