---
title: "2537 OCEAN Avenue, New York City, NY 11229"
description: "2537 OCEAN Avenue, New York City, NY 11229 — Madison, New York City, NY. Listing Price $6,500,000. 11 bed, 13 bath, 684 sqft Illustrative Buyer Commission Share of $97,500 at closing, based on a 3% buyer-broker commission."
url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/brooklyn/11229/2537-ocean-avenue-ny-11229"
source: "Real Estate Rebate Team"
status: "Active"
---

# 2537 OCEAN Avenue, New York City, NY 11229

Madison, New York City, NY

**New Development · Sponsor Residence**

Courtesy of Douglas Elliman Real Estate

## At a Glance

- **Listing Price**: $6,500,000
- **Beds**: 11
- **Total Baths**: 13
- **Sqft**: 684
- **Monthly Taxes**: $500 / mo
- **Price per Sqft**: $9,503
- **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**: $6,500,000
- **Illustrative Buyer Commission Share**: -$97,500*
- **Illustrative Net Cost**: $6,402,500

*Illustrative Buyer Savings of $97,500 — 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 (4)

![2537 OCEAN Avenue, New York City, NY 11229 — photo 1 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5719164a-f6fb-476a-b016-1fe2ef7fe14b.jpg)
![2537 OCEAN Avenue, New York City, NY 11229 — photo 2 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/06826a2e-6a1a-4d2a-a030-465d4c14f22c.jpg)
![2537 OCEAN Avenue, New York City, NY 11229 — photo 3 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0ca26148-e699-42c4-9440-8efc99e4974a.jpg)
![2537 OCEAN Avenue, New York City, NY 11229 — photo 4 of 4](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/1aa403ba-1e37-40f5-841e-7bcf61f2d481.jpg)

## Property Overview

2537 Ocean Avenue presents a rare opportunity to acquire a newly developed 7-story mixed-use asset in the heart of Homecrest, Brooklyn. Spanning approximately 11,293 square feet, the property consists of 10 residential units and 2 commercial spaces, offering a strong projected income stream with a projected NOI of approximately $466,836 and a 6.14% cap rate.

  Positioned along the highly trafficked Ocean Avenue corridor between Avenue U and Avenue T, the elevator building features modern construction, exceptional street presence, and floor-to-ceiling commercial storefronts with outstanding visibility. The residential component includes 7 free-market units and 3 affordable units, with many residences offering private balconies, terraces, and abundant natural light. The commercial spaces are delivered vanilla box with HVAC, plumbing, and sprinkler systems already in place, creating immediate flexibility for medical, retail, wellness, or professional use.

  The property benefits from convenient access to the Q train at Avenue U, as well as multiple bus lines, placing residents and businesses in one of Southern Brooklyn's most established and densely populated neighborhoods. Surrounded by new developments, local retailers, restaurants, and neighborhood amenities, 2537 Ocean Avenue offers investors a turnkey, income-producing asset with long-term upside in a rapidly evolving corridor

## Property Details

- **Property Type**: Mixed Use
- **Beds**: 11
- **Total Baths**: 13
- **Rooms**: 22
- **Sqft**: 684 sqft
- **Stories**: 2
- **Year Built**: 1930
- **Price per Sqft**: $9,503
- **Monthly Taxes**: $500 / mo
- **Listed On**: May 20, 2026
- **Days on Market**: 115 Days

### Residence Features

- Washer Hookup
- In Unit
- Smoke Free
- Washer Dryer Allowed

## 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)

## Price and Property History for 2537 OCEAN Avenue

Review the recorded listing activity for 2537 OCEAN Avenue, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $1,100,000, or 14.5%, on July 7, 2026
- **Originally listed**: May 20, 2026 at $7,600,000
- **Current asking price**: $6,500,000

| Date | Price | Listing event |
| --- | --- | --- |
| July 7, 2026 | $6,500,000 | Asking price reduced by $1,100,000, or 14.5% |
| May 20, 2026 | $7,600,000 | Listed for sale by Douglas Elliman Real Estate |

## Property Tax History

Taxes at 2537 OCEAN Avenue were $104,513 in 2026.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $836,100 | $112,500 | $723,600 | $836,100 | $104,513 | 12.5% (estimated) |
| 2025 (FY 2025/26) | $836,100 | $112,500 | $723,600 | $836,100 | $104,513 | 12.5% (estimated) |
| 2024 (FY 2024/25) | $836,100 | $112,500 | $723,600 | $836,100 | $104,513 | 12.5% |
| 2023 (FY 2023/24) | $836,100 | $112,500 | $723,600 | $824,654 | $103,098 | 12.502% |
| 2022 (FY 2022/23) | $112,500 | $112,500 | $0 | $80,878 | $9,921 | 12.267% |
| 2021 (FY 2021/22) | $130,950 | $130,950 | $0 | $60,703 | $6,529 | 10.755% |
| 2020 (FY 2020/21) | $137,700 | $137,700 | $0 | $36,837 | $3,939 | 10.694% |
| 2019 (FY 2019/20) | $56,340 | $18,360 | $37,980 | $35,665 | $7,549 | 21.167% |
| 2018 (FY 2018/19) | $34,038 | — | — | $34,038 | $7,120 | 20.919% |
| 2017 (FY 2017/18) | $32,246 | — | — | $32,246 | $6,573 | 20.385% |
| 2016 (FY 2016/17) | $32,246 | — | — | $32,246 | $6,446 | 19.991% |
| 2015 (FY 2015/16) | $31,503 | — | — | $31,503 | $6,160 | 19.554% |
| 2014 (FY 2014/15) | $29,721 | — | — | $29,721 | $5,694 | 19.157% |
| 2013 (FY 2013/14) | $28,365 | — | — | $28,365 | $5,444 | 19.191% |
| 2012 (FY 2012/13) | $26,872 | — | — | $26,872 | $4,990 | 18.569% |
| 2011 (FY 2011/12) | $26,872 | — | — | $26,872 | $4,892 | 18.205% |
| 2010 (FY 2010/11) | $26,253 | — | — | $26,253 | $4,559 | 17.364% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 3073250052. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 2537 OCEAN Avenue

2537 OCEAN Avenue, Brooklyn, NY 11229

A building in the neighborhood, currently featuring 1 active listing.

- **Year Built**: 1930
- **Total Units**: 1
- **Floors**: 2

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/2537-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/new-developments/newyorkcity/brooklyn/11229/2537-ocean-avenue-ny-11229) | 11 | 13 | 684 sqft | $9,503 | $6,500,000 (-14.5%) | Douglas Elliman Real Estate | May 20, 2026 | 115 days |

## Estimated Monthly Payment

**$33,368 / month**, assuming a 20% down payment ($1,300,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $32,868
- **Property Taxes**: $500

Estimates only. Actual payments may vary. Confirm terms with your lender.

## 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

- [2537 OCEAN Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/2537-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.