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1278 Ocean Parkway

Brooklyn, NY 11230
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Bed --

Bed

Bath 0

Bath

Acres0.07

Acre(Lot)

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 ro om, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,995,000

AD Id : 78940862

MLS Id : 501561

Lot Size : 0.07 Acre

Year Built : --

County : Kings

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Feature Features

  • Flooring Information

    Hardwood
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Hot Water, Natural Gas

  • Building Information

    Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Dimensions: 150 x 21 Lot Size Acres: 0.07 Lot Size Square Feet: 3150

  • Listing Price Information

    Listing Price: $2995000

  • Tax Information

    Annual Tax: $19104
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2072 Ocean Avenue #701, Brooklyn, NY, 11230 $649,999 2 2 990 990 SqFt
1587 19th Street #2F, Brooklyn, NY, 11230 $499,999 1 1 718 718 SqFt
1587 19th Street #6F, Brooklyn, NY, 11230 $548,000 1 1 718 718 SqFt
1925 Ocean Avenue #1E, Brooklyn, NY, 11230 $290,000 2 1 1,000 1,000 SqFt
1976 Ocean Avenue #5, Brooklyn, NY, 11230 $1,200,000 3 2 2,000 2,000 SqFt
1904 Avenue O, Brooklyn, NY, 11230 $1,560,000 5 2.5 2,392 2,392 SqFt
1916 Ocean Avenue #12, Brooklyn, NY, 11230 $739,000 2 2 1,051 1,051 SqFt
1801 Ocean Avenue #5F, Brooklyn, NY, 11230 $309,000 1 1 750 750 SqFt
1801 Ocean Avenue #4D, Brooklyn, NY, 11230 $325,000 1 1 900 900 SqFt
1820 Avenue N #1B, Brooklyn, NY, 11230 $369,000 1 1 750 750 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Brooklyn Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brooklyn MLS. All Rights Reserved.

ByOwner last updated this listing 06/07/2026 @ 15:21

MLS: 501561 LISTED BY: Igor Libo, Ilite Realty Inc 718-975-0555 SOURCE: Brooklyn Board of REALTORS

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