85 Rockaway Avenue, Brooklyn, NY 11233

• 4 beds |
• 3 baths |
• 2,504 sqft

Property Description

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!

Listing Status:

Active

Data Last Updated:

August 10, 2026 at 11:22PM

Listing Office:

New Home Mega Management Corp : 718-808-2030

MLS ID:

1023103

Interior

• General: Galley Type KitchenOpen KitchenRecessed LightingWasher/Dryer Hookup
• Basement: See Remarks
• Flooring: Ceramic TileHardwood
• A/C: Central Air
• Heating: Forced Air

Exterior

• Parking: Off Street

Location

• Originating MLS: onekey2
• School District: Brooklyn 23
• County: Kings (Brooklyn)

Lot

• Zoning: 01534-0004

Utilities

• Utilities: Electricity AvailableElectricity ConnectedSewer AvailableSewer ConnectedTrash Collection PublicWater AvailableWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2