--- title: "2514 Ocean Avenue, New York City, NY 11229" description: "2514 Ocean Avenue, New York City, NY 11229 — Multi Family Home in Madison, Brooklyn, NY. Listing Price $1,498,000. In contract 5/1/2026. Studio bed, 3 bath, 1,938 sqft Illustrative Buyer Commission Share of $22,470 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11229/2514-ocean-avenue-ny-11229" source: "Real Estate Rebate Team" dateModified: "2026-10-16T15:19:44.494Z" status: "Pending" --- # 2514 Ocean Avenue, New York City, NY 11229 Multi Family Home in Madison, Brooklyn, NY **New Development** Courtesy of ONE REALTY GLOBAL CORP Last updated: October 16, 2026, 11:19 AM ## At a Glance - **Listing Price**: $1,498,000 - **Status**: In contract 5/1/2026 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: Studio - **Baths**: 3 - **Sqft**: 1,938 - **Monthly Taxes**: $753 / mo - **Price per Sqft**: $773 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,498,000 - **Illustrative Buyer Commission Share**: -$22,470* - **Illustrative Net Cost**: $1,475,530 *Illustrative Buyer Savings of $22,470 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (1) ![2514 Ocean Avenue, New York City, NY 11229 — photo 1 of 1](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b535e69d-1eb5-427a-b575-c9dc4fcc3d9b.jpg) ## Property Overview What’s Special Prime R7A Development Opportunity – 2514 Ocean Avenue, Brooklyn Positioned along Brooklyn’s dynamic Ocean Avenue corridor, 2514 Ocean Avenue presents a compelling opportunity for both immediate residential use and long-term redevelopment potential. Situated on a 23.5 ft × 125.75 ft lot (approx. 2,955 SF), the property is zoned R7A, offering substantial buildable capacity in a neighborhood experiencing consistent residential growth and reinvestment. Originally built in 1930, the existing two-story structure contains approximately 2,450 SF of gross floor area. The property is currently configured as one building with two total units, classified as a multiple-use residence (S1), allowing flexibility for residential and potential mixed-use configurations. Development Potential The true value lies in its R7A zoning designation. Residential FAR up to 4.0 (buyer to verify independently) Potential for approximately 12,000 buildable square feet (ZSF) Estimated capacity for up to 8 stories Potential configuration of approximately 14 one-bedroom condominium units Subject to zoning analysis, architectural planning, and city approvals Ocean Avenue continues to benefit from new development activity, strong end-user demand, and long-term appreciation trends, making this site an ideal candidate for redevelopment into a larger residential or mixed-use building. Strategic Location Located within: Brooklyn Community District 15 City Council District 48 The property benefits from established infrastructure, convenient public transportation, and access to neighborhood retail, schools, and community amenities. Whether you are an investor seeking to unlock development value or an end-user looking for expansion potential in a high-demand corridor, 2514 Ocean Avenue represents a rare opportunity in one of Brooklyn’s steadily appreciating markets. All information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own independent due diligence regarding zoning, buildable square footage, and development feasibility. ## Property Details - **Property Type**: Multi Family - **Baths**: 3 - **Sqft**: 1,938 sqft - **Stories**: 2 - **Year Built**: 1930 - **Price per Sqft**: $773 - **Monthly Taxes**: $753 / mo - **Listed On**: Mar 25, 2026 - **Days on Market**: 206 Days ### Residence Features - See Remarks - Private Outdoor Space Under 60 Sqft ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Estimated Monthly Payment **$8,327 / month**, assuming a 20% down payment ($299,600), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,575 - **Property Taxes**: $753 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Price and Property History for 2514 Ocean Avenue Review the recorded listing activity for 2514 Ocean Avenue, including asking-price changes and prior market dates. - **Entered contract**: May 1, 2026 | Date | Price | Listing event | | --- | --- | --- | | May 1, 2026 | $1,498,000 | Entered contract | | March 25, 2026 | $1,498,000 | Listed for sale by ONE REALTY GLOBAL CORP | ## About The Building ### 2514 Ocean Avenue 2514 Ocean Avenue, Brooklyn, NY 11229 A building in the neighborhood, currently featuring 0 active listings. - **Year Built**: 1930 - **Active Units**: 0 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/2514-ocean-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11229/2514-ocean-avenue-ny-11229) | Studio | 3 | 1,938 sqft | $773 | $1,498,000 — In contract | ONE REALTY GLOBAL CORP | Mar 25, 2026 | 206 days | ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## Madison Overview of Madison [Explore Madison](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/madison) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Madison - [Brooklyn Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brooklyn-heights) - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) - [Boerum Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/boerum-hill) - [DUMBO real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/dumbo) - [Fort Greene real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/fort-greene) - [Cobble Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cobble-hill) ## Related Links - [2514 Ocean Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/2514-ocean-avenue) - [Madison neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/madison) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.